IBM’s latest annual data breach report shows that a strong incident response capability can help organizations reduce breach costs by more than 25% on average. IBM-Ponemon study of over 500 data breach victims shows that businesses with a formal incident response team and well-tested response plans spent $3.51 million on average on breach costs compared with $4.74 million by those who had neither. The global average cost for a data breach is 12% higher than what it was five years ago.”]
Source: https://www.darkreading.com/attacks-breaches/with-data-breach-costs-time-is-money