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Study: Cost of Data Breaches Increased by 15% in the Last Year

06
May
2014

The ninth annual Cost of Data Breach Study, a study conducted by the Ponemon Institute and sponsored by IBM, has revealed that the average total cost of a data breach has increased by 15% in the last year.

Based on data from 314 companies located in 10 countries, experts have determined that the average total cost of a data breach is $3.5 million (2.51 million).

All of the organizations that have taken part in the study have suffered a data breach. Between 2,400 and…

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