The week in security: Breach costs arrested but CISOs risk the axe over reporting
David Braue reports:
The latest study of data-breach costs found Australian businesses bucking global trends by driving down the average cost of data breaches. There was little shelter for CISOs however, with warnings that they could increasingly risk losing their jobs if they can’t improve their reporting of security postures before the breaches happen.
Might be time to not only invest in training, but to consider the best way to develop a digital risk plan and sell it to the board. And that includes more than simply pointing out that the average breach now costs over $4 million – although one CEO decided to take a stand against a DDoS extortion attack over a far smaller potential loss.
Read more on CSO (AU).