Cyber-Incident Costs Surge 11% as Budgets Remain Muted
S-RM study finds the direct cost of a cyber-incident increased by 11% in 2023 to an average of $1.7m
Incident coverage examines breaches, outages, and response failures to explain how security events affect systems, data, and organizations.
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Background for this topic.
An incident is a suspected or confirmed event that threatens the confidentiality, integrity, or availability of information or systems, or violates a security policy. Examples include unauthorized access, malware execution, exposed credentials, data loss, and disruptive attacks. Not every alert is an incident: triage determines whether an event is credible, its scope, and the assets or data involved.
Incident handling requires timely detection, analysis, containment, eradication, and recovery. Practitioners must preserve relevant evidence, identify affected accounts and systems, assess whether data was accessed or altered, and prevent recurrence. Clear escalation and documentation support privacy or regulatory notifications when applicable. Findings should feed security improvements such as closing exploited vulnerabilities, strengthening access controls, and updating detection and response procedures.
S-RM study finds the direct cost of a cyber-incident increased by 11% in 2023 to an average of $1.7m
American global apparel and footwear giant VF Corporation, the owner of brands like Supreme, Vans, Timberland, and The North Face, has disclosed a security incident that caused operational disruptions. [...]
PLUS: Cancer patients get ransom notes for Christmas, Delta Dental is the latest MOVEit victim, and critical vulns Infosec in brief MongoDB on Saturday issued an alert warning of "a security incident involving unauthorized access to certain MongoDB corporate systems, which includes exposure of customer account metadata and contact information."…