NEW YORK–The global average cost of a data breach last year dropped 11.4 percent from 2015 to $3.6 million. The reduction is attributed mostly to a strong U.S. dollar, with wins also offset by a 1.8 percent increase in the size of breaches in 2016.
The numbers come from Peter Allor, senior cyber security strategist, with IBM Security, who at the Borderless Cyber event, discussed a just-released IBM-sponsored Ponemon Institute Cost of a Data Breach Study.
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