![]() The 2020 Cost of a Data Breach Report wouldn’t be complete without factoring in the coronavirus pandemic. Meanwhile, mega breaches cost even more - see the 2017 Equifax data breach, which exposed 147.9 million records and is estimated to cost Equifax at least $1.38 billion dollars. With so many costly moving parts, it’s easy to see how even just a small breach of under 100,00 records can add up to a multimillion-dollar loss. PR, marketing and sales to regain customer trustĪs you can see, the losses incurred from data breach can span years, from the moment of discovery to the time it takes to earn customers’ trust again.How do IBM and the Ponemon Institute define the cost of a data breach? The following factors figure in to the total losses: is $8.6 million - twice that of the global average. ![]() If your organization is located in the United States, a data breach costs significantly more than in the rest of the world. A data breach of 100,000 records or less now costs about $3.8 million on average, though this figure varies from nation to nation. Versus the Worldįirst the good news: worldwide, the average cost of a data breach has fallen nearly half a million dollars compared to last year. For the fifteenth consecutive year, IBM and the Ponemon Institute have partnered to analyze the latest breaches at over 500 organizations to uncover trends in cyberattacks and provide insight on data security practices.įrom the average cost of a data breach to how you can better protect your organization’s data, here are the most important takeaways from this year’s 2020 Cost of a Data Breach Report. IBM and the Ponemon Institute’s long-awaited 2020 Cost of a Data Breach Report has finally arrived - and with it comes critical insight into the current landscape of cyber security.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |