We’ve seen regular reports of cyber attacks in the past year, including big ones against Target Corp., Nieman Marcus and now Michaels Stores Inc., sending accounting and consulting firms into a frenzy to add risk management services.
Consider this Ponemon Institute data:
• The average cost of detecting cyber attacks is about $1.3 million.
• The average notification cost is $565,000.
• The post-attack response costs an average of about $1.4 million.
• The average lost business costs…
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