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Cost Considerations and Potential Savings
While the cost of DLP implementation consulting can vary based on the complexity of the project and the size of the organization, it is often seen as a worthwhile investment. On average, businesses may spend between $10,000 and $50,000 for comprehensive DLP consulting services. However, this expenditure can prevent far more costly data breaches, which could result in financial losses, legal penalties, and reputational damage4.
In addition to safeguarding against losses, a well-implemented DLP strategy can lead to significant savings. By preventing data breaches, companies can avoid the average breach cost of $4.24 million, as reported by IBM4. Furthermore, streamlined data management and compliance processes can reduce administrative burdens and improve overall efficiency, leading to long-term cost savings.