A Ponemon Institute study showed that the average compromised record cost approximately $194 per record. Loss of business due to cyber breaches were estimated to be approximately $3 million. With this approach, you’re using a comprehensive approach that leverages best practices and industry standards to identify possible problems. This will enable you to increase the chances of a fast and timely response to possible cybersecurity threats. The National Institute of Standards and Technology (NIST) and the U.S. government have both issued some updated guidelines.”]
Source: https://www.csoonline.com/article/3235564/5-questions-to-ask-your-ceo-about-cybersecurity.html