Your business hit by a data breach? Expect a bill of $3.92 million

I’ve been following the Ponemon report for some years. The cost keeps going up, no surprise really…:

[…] On Tuesday, IBM Security released its annual study, the Cost of a Data Breach Report, to estimate both the immediate and ongoing expense of a data breach. According to the company, the cost of a data breach has risen by 12 percent over the course of five years, and organizations can expect to pay an average of $3.92 million.

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