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Tag / IBM

Cost of data breaches declining globally

Cost of data breaches declining globally

News   •   Jun 21, 2017 12:53 BST

The average cost of a data breach is $3.62 million globally, a 10% decrease from the 2016 results, according to IBM's latest Cost of Data Breach Study, conducted in collaboration with the Ponemon Institute. This is the first time since the global study was created that there has been an overall decrease in the cost. On average, these data breaches cost companies $141 per lost or stolen record.

Two thirds of organizations aren't prepared to recover from a cyber attack

Two thirds of organizations aren't prepared to recover from a cyber attack

News   •   Nov 21, 2016 16:35 GMT

Two thirds of organizations aren’t prepared to recover from a cyber attack, according to a new study by the Ponemon Institute on behalf of Resilient (an IBM Company), and only a third of organizations feel they have a high level of cyber resilience.

IBM become gold sponsors of the BCI World Conference and Exhibition

IBM become gold sponsors of the BCI World Conference and Exhibition

News   •   Aug 23, 2016 16:34 BST

The Business Continuity Institute is delighted that IBM, the world's largest IT and consulting services company, is to be a gold sponsor of the BCI World Conference and Exhibition at the Novotel London West Hotel on the 8th and 9th November.

Business Continuity Management reduces cost of data breaches

Business Continuity Management reduces cost of data breaches

News   •   Jun 17, 2016 09:31 BST

Companies that have predefined Business Continuity Management (BCM) processes in place are able to find and contain data breaches more quickly, discovering breaches 52 days earlier and containing them 36 days faster than companies without BCM. This is according to a study sponsored by IBM and conducted by the Ponemon Institute.

Building the case for resiliency

Building the case for resiliency

Blog posts   •   Oct 09, 2015 16:49 BST

CIOs, business continuity managers and IT managers understand the value of forward-thinking business continuity and resiliency solutions. They know that cloud computing can lower recovery point objectives and recovery time objectives, dramatically improving the availability of data and applications at a time when organizations increasingly depend on the availability of their data and applications.

Using business continuity management to protect against data breaches

Using business continuity management to protect against data breaches

News   •   Oct 02, 2015 10:56 BST

Organizations that involve their business continuity management teams in data breach planning and response can reduce the likelihood of data breach and lessen the cost and impact of any breach that should occur. These findings were uncovered in the 2015 Cost of Data Breach Study: Impact of Business Continuity Management, sponsored by ​IBM and conducted by the ​Ponemon Institute.

The cost of data breaches

The cost of data breaches

News   •   May 27, 2015 14:28 BST

​According to a new study by the ​Ponemon Institute, the average consolidated total cost of a data breach is $3.8 million, representing a 23% increase since 2013. The annual '​Cost of Data Breach Study' also found that the average cost incurred for each lost or stolen record containing sensitive and confidential information increased 6% from a consolidated average of $145 to $154.

​Business continuity and cyber security: two sides of the same coin

​Business continuity and cyber security: two sides of the same coin

Blog posts   •   May 18, 2015 15:38 BST

The increasingly connected world magnifies the impact of every outage or event. Costs associated with cyber attacks and data breaches are rising. We all know that data breaches and cyber attacks can cause a material disruption to business processes. The impact of lost data or unplanned downtime can be catastrophic, resulting in lost revenue, reputation and competitive position.