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A New Guide to Evaluating Managed Security Services Providers

In 2015, more than 1.1 billion records were exposed in data breaches, according to Goldman Sachs. And the Ponemon Institute says that both the cost and volume of data breaches are rising, estimating that the average total cost of a data breach worldwide was more than $3.79 million per incident, and this calculation intentionally omitted the costs of “mega breaches”, such as the much publicized cyberattacks on Anthem, TurboTax and the U.S. Government’s Office of Personnel Management. This comes at a time when more and more companies are dramatically increasing their spending on managed security services providers (MSSPs). So what’s going on?