A data breach is every company's waking nightmare. You may wonder about the actual cost for your company.
IBM Security and Ponemon Institute just released the 2018 Cost of a Data Breach Study. Interviews were conducted with more than 2,200 IT, data protection, and compliance professionals from 477 companies that have experienced a data breach over the past 12 months. According to the findings, data breaches continue to be costlier and result in more consumer records being lost or stolen, year after year.
The Global Cost of a Data Breach Is Up in 2018
In this year’s study, the average total cost of a data breach was $3.86 million, and it took companies 196 days, on average, to detect a breach. Moreover, the likelihood of a recurring material breach over the next two years was 27.9%.