Navigating a new era of reporting cyber incidents in the UK and EU
Kelly Hagedorn, Alice Portnoy and Hanna Hewitt1Artikel kopen € 79,00 excl. BTW
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Cyber security continues to be an issue that gathers mainstream attention, and for good reason. Both the costs of, and length of time to recover from, a cyber incident are increasing. According to IBM's 2024 'Cost of a Data Breach' report, the average cost of a data breach in 2024 has risen to $4.88 million.2 For some incidents (particularly those involving stolen or compromised credentials), the recovery period was recorded as being as long as 292 days.
The increasing prevalence of cyber-attacks, and the disruption they can cause, has led to governments globally introducing new legislation and/or supplementing existing legislation to protect the most critical infrastructure, whilst also encouraging information sharing to enhance overall awareness of cyber risks. In several jurisdictions, cyber security requirements mandated by law are now being imposed on new industry sectors not traditionally seen as critical, a reflection of the changing way the world operates.
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