IBM Reveals High Cost Of Data Breaches

 

IBM Reveals High Cost Of Data Breaches

IBM and the Ponemon Institute are out with a new study:  Hidden Costs of Data Breaches Increase Expenses for Businesses – Study for First Time Calculates the Full Cost of “Mega Breaches,” as High as $350 Million. Among key findings:

  • The average cost of a data breach of 1 million compromised records is nearly $40 million dollars
  • At 50 million records, the estimated total cost of a breach is $350 million dollars
  • The vast majority of these breaches (10 out of 11) stemmed from malicious and criminal attacks (as opposed to system glitches or human error)
  • The average time to detect and contain a mega-breach was 365 days – almost 100 days longer than a smaller scale breach (266 days)

In response, IT security experts commented below.

Read more>>>

No Comments

Post A Comment

fourteen − ten =