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Crime Doesn't Pay: 10 Ways To Control And Reduce Cybercrime Costs

These security technologies and strategies, identified by the Ponemon Institute, are being implemented at businesses to reduce the risk of a data breach and also rein in cybercrime costs, which have increased significantly in recent years.

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8. Appointment Of High-Level Security Leader

Organizations that have reined in costs have a strong security posture and often have leadership that oversees security activities, according to Ponemon. A chief information security officer that oversees security activities provides careful guidance over the company's security program and, over time, can help instill a strong security culture throughout the company. A high-level security leader was cited by Ponemon as an important governance activity.

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