3/20/2023 11:00 A.M.
A look at how long it can take to detect a data breach—and how long it can take to recover from one.
The average time for businesses to discover a data breach? 197 days! The average time to contain one? 69 days! This delay in identifying, detecting, and containing a breach can result in significant financial losses for companies. Organizations that can contain a breach in less than 30 days can save over $1 million compared to those that fall closer to the average response time. What’s more, 75% of small and midsize businesses would survive only three to seven days from a ransomware attack, according to the SMBRS small and medium-sized businesses ransomware survey.
These statistics show the importance of implementing basic security measures promptly. Essential measures like having a written incident response plan, implementing multi-factor authentication, monitoring and retaining logs, and having a good backup and recovery solution are key in order to achieve a quicker detection and recovery time than the industry average. All of these (and more) are part of the FTC Safeguards Rule requirements, which TPx can help you with.
As the exclusive ACA International partner, TPx has created unique solutions available at discounted pricing for ACA members. TPx experts can translate the rule into simple terms, guide you through the process, and answer any questions you may have.
Find more information and get started at tpx.com/aca.
