Preparation can significantly lower the long-term costs of a breach, according to a SANS report released this morning.
Companies that had plans in place, that spent time identifying and classifying data, and that used in-house teams were able to lower their long term expenses — as did companies that successfully stayed out of the news.
The majority of companies affected by a breach also invested in new security tools and services, as well as administrative and physical controls, training, and staffing.
Once a breach has been identified and mitigated, residual financial and brand impact lasted anywhere from a month to three years, according to the report.
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