Cyber Security

Cost of data breaches increasing to average of $3.8 million, study says

“The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp.”

Source: Cost of data breaches increasing to average of $3.8 million, study says | Reuters

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