Elevate Data Security with Top External Experts
Cost Considerations and Potential Savings
While hiring external experts involves an investment, the potential savings from avoiding data breaches and regulatory fines can be substantial. The average cost of a data breach in 2023 was $4.45 million2, underscoring the financial impact of inadequate security measures. By investing in expert services, companies can reduce the likelihood of breaches and associated costs. Some firms offer flexible pricing models, including retainer agreements and project-based fees, allowing businesses to choose options that align with their budget and needs.