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Idea from Austin Mitchell

Title

Calculating Ransomware's Real-World Costs: Industry-Level Statistics Don't Tell the Whole Story

Summary

BakerHostetler recently released some surprising statistics on the real-world costs of ransomware and data breaches, including outcome statistics and litigation frequency. This kind of data is a gold mine for calculating and forecasting real-world cybersecurity ROI, and goes far beyond the "average cost of $150 per record" approach, which isn't a realistic statistic for MSPs and MSSPs. The article will show exactly how to improve security event outcomes in ways most similar content does not.

Author

Austin Mitchell

Keywords

  • Negotiate ransomware
  • Should you pay ransomware
  • Ransomware litigation
  • Ransomware negotiators
  • Data breach notice
  • Links

  • https://www.clio.com/blog/data-security-law-firms/
  • https://e.bakerlaw.com/s/0ebfc81d7ae9e708cf711428746c99f85b164e4a
  • https://www.scmagazine.com/home/security-news/legal-security-news/heres-the-breakdown-of-cybersecurity-stats-only-law-firms-usually-see/