Preventing & Mitigating a Data Breach Whitepaper

Cybersecurity crimes and data breaches are on the rise, and it’s estimated that these crimes will cost $6 trillion annually by 2021. Small to medium-sized businesses (SMBs) are more likely to fall victim; oftentimes, SMBs don’t think they are large enough to target and lack the proper technology and processes to protect their network. In fact, 87% of SMBs surveyed by Symantec’s Security Threat Report said they didn’t feel like they were at risk for a breach.

And when confronted with the daunting task of developing a cybersecurity strategy, many IT, security, and compliance leaders are not sure where to begin (We get it—there are a lot of moving parts, as shown in figure 1). Taking a framework approach to risk management offers a structured way to identify, protect, detect, respond, and recover from any security incident your business may face. Although there are many components to risk management, this guide will focus on data breaches in particular.

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