Return on security investment: internal SOCs halve the financial impact of enterprise data breaches

▤ Summary

There are savings for larger SMBs (with 500+ employees) who adopt an SOC as well, with the total financial impact of a data breach for these businesses estimated at £86k, compared to $104k for the average SMB of this size. The survey highlighted that more than one-third of organisations (34%) with a DPO that suffered a data breach did not incur any financial loss, compared to only one-fifth (20%) of businesses overall. “Establishing an internal SOC involves purchasing the necessary tools, building processes and recruiting analysts, which can be a challenge for any business. They help to overcome the most common barriers to a working SOC, such as the lack of enterprise-wide visibility or insufficient threat information, as well as improving its performance. Respondents were asked about the state of IT security within their organisations, the types of threats they face and the costs they have to deal with when recovering from attacks.

▦ Linked Companies

Kaspersky Lab

$500M to $1B