It’s wise to assume that your IT environment will experience a breach, sooner or later. This approach helps organizations build up-to-date IT security strategies that go beyond fortifying your perimeter to focus on quickly detecting breaches and limiting their impact. How much of a difference does early detection make? According to the Ponemon Institute’s “Cost of a Data Breach” study, breaches that were identified within 100 days cost an average of $5.83 million. However, when intruders were able to dwell in the IT infrastructure longer than that, the average cost shot up to $8.01 million — nearly 40% higher.
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Moving to digital creates the illusion that you’ll automatically leave behind all the records management problems you had with paper files, from the frequent errors by users to the endless requests from auditors. Unfortunately, that is not the case — over 60% of organizations are still stuck with mostly manual approaches to retention and disposition of records.
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