Experts say CFOs need a hard lesson about cybersecurity, too. The Ponemon Institute estimates that the average data breach costs over $5 million. Security is IT’s revenge on the finance department, says Kevin Mandia, CEO of security forensics firm Mandiant. Mandiant CEO: “You don’t understand what we do, so we’ll spend your money however we like” Experts say companies should take the time to develop a breach response plan and rehearse scenarios before a compromise occurs.”]
Source: https://www.darkreading.com/analytics/what-every-cfo-should-know-about-security-breaches