The recent data breach at Yahoo can be an eye opener for many enterprises with respect to the devastating implication data breaches can have on an organization’s bottom line and its brand reputation. The massive Yahoo data breach pushed Verizon to ask for $1 billion discount on the original acquisition of Yahoo while the deal is still in progress.
What have we learned from this or similar cyber-security data breaches? And how much impact can a data breach cost an enterprise? According to the Ponemon Institute Study, the cost of a data breach varies by industry and the average per capita cost was $221 in the US with average total organizational cost at $7.01 million.
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