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Posts Tagged ‘Cost of a Data Breach’

For modern businesses of all shapes and sizes, the monetary impact of suffering a data breach is substantial. IBM’s latest Cost of a Data Breach report discovered that, in 2023, the average cost of a data breach globally reached an all-time high of $4.45 million. This figure represents a 2.3% increase from the previous year […]

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How do you measure the cost of a company data breach? You could try asking those that have been attacked. The IBM Security Cost of a Data Breach Report 2021 did just that, and the numbers reveal some hard truths. For example, ransomware attacks cost an average of $4.62 million. These costs included escalation, notification, […]

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With the global average cost of a data breach totaling $3.86 million in 2020, the topic of security continues to be a major pressure point and a board-level agenda item. So why do security programs still seem to lack adequate funding, urgency and support until a breach or lawsuit occurs or auditors demand change? Verizon’s […]

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