United States

The real cost of a data breach: Insights for audit committees

FINANCIAL REPORTING INSIGHTS  | 

For businesses to successfully navigate today's cyber threats and effectively respond to data security events, understanding the costs associated with a data breach is critical. Incidents at Fortune 500 organizations get significant media coverage, but the reputational and financial impact to small and middle market companies can be even more damaging.

RSM US LLP recently published The real cost of a data breach: Insights for audit committees, which includes our insights related to:

  • The latest cyber risks and associated damages in the 2017 NetDiligence® Cyber Claims Study
  • The auditor’s role in cybersecurity matters
  • The audit committee’s role in cybersecurity matters
  • A registrant’s obligation to disclose cybersecurity risks and cyber incidents