by United Lex
Oct 08, 2015
Download In 2015, more than 1.1 billion records were exposed in data breaches, according to Goldman Sachs. The Ponemon Institute says the average cost of a data breach worldwide is $3.79 million per incident (mega breaches omitted), and rising. This comes at a time when more and more companies are increasing spending on managed security services providers (MSSPs). So what is happening? Traditional MSSPs boast all the latest technology, yet they struggle to detect unknown threats and do not effectively reduce response times. Their clients still lack focus in their spending and security efforts, and their clients legal and C-suite teams still struggle to manage the legal and regulatory aftermath of a breach. MSSPs cannot help clients overcome these challenges with tools. Read this guide to evaluating prospective MSSPs, and learn the new expectations organizations should have if they truly expect their provider to reduce risk, cost and burden.