"Having a good plan in place can seriously reduce the costs resulting from the breach as, in these kinds of situations, the longer things run without being dealt with in the proper fashion, the more costly it can get." That's the message from one of the cyber-risk experts sharing insights on guarding against high-cost data breaches in a Financial Times feature. Given the ever-increasing amount of personal data that companies hold about their customers, the report highlights safeguards that apply across jurisdictions and borders, including having a breach response plan and a dedicated chief privacy officer in place. (Registration may be required to access this story.) Editor's Note: The most recent edition of Inside 1 to 1: PRIVACY includes a report on avoiding become the subject of a U.S. FTC action or a target for lawsuits.
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