Cost of Data Breach Study: Impact of Business Continuity Management
Benchmark research sponsored by IBM Independently conducted by Ponemon Institute LLC
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The 2018 Cost of Data Breach Study: Impact of Business Continuity Management (BCM) sponsored by IBM, analyses the financial and reputational benefits of having a BCM program in advance of a data breach. According to the research, BCM programs can reduce the per capita cost of data breach, the mean time to identify (MTTI) and the mean time to contain (MTTC) a data breach and the likelihood of experiencing such an incident over the next two years.
The purpose of the study is to demonstrate the economic value of BCM when dealing with data breach incidents. The BCM study has been conducted over four consecutive years and during this period the research has consistently shown the following trends when companies have incorporated BCM into their data breach response:
- Decreases the time to identify the data breach - Decreases the time to contain the data breach - Decreases the likelihood of a future breach
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