IDG Contributor Network: The 3 hidden costs of incident response
Even for well-run security organizations, justifying expenditures can be difficult.
Sometimes it takes a significant event – the proverbial learning moment – before security teams see a needed increase in budget for staff, training and tools. This happens because it’s straightforward to analyze the costs to a business stemming from a breach that causes an outage, loss of data, or even adversely impacts a stock price.
However, there are many hidden costs to cybersecurity. Sometimes these are overlooked because they are harder to quantify but illuminating these costs can go a long way to helping justify security budgets. In the process, we hope we avoid a disastrous incident and the high cost of a breach altogether.
Source: CSO Online News