The Cyber Threat Perspective Episode 117: Why Do Pentests Cost So Much?
Dec 4, 2024
This discussion uncovers the high costs of penetration testing and whether they're justified. Listeners will learn about the staggering financial toll data breaches take on various industries. It dives deep into the hidden costs related to security incidents, including lost trust and recovery expenses. The value of human expertise in pentesting is emphasized over automated solutions. Ultimately, proactive security investments are framed as essential to avoiding even bigger financial risks in the future.
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Transcript
Episode notes
Penetration Test Value
- Many organizations question the high cost of penetration tests.
- However, the real question is whether they are expensive or if their value is miscalculated.
Client Story: External Pen Test
- Brad recounts a client story where basic external penetration testing sufficed for compliance.
- This highlights varying needs and cost-saving options.
Data Breach Costs
- The average cost of a data breach in 2023 was $4.45 million, a 2.3% increase from 2022.
- This cost can be catastrophic for businesses, especially smaller ones.