47.7 F
Washington D.C.
Tuesday, October 4, 2022
spot_img

This Is How Much a ‘Mega Breach’ Really Costs

Companies hit with a data breach pay an average of $3.86 million around the world, marking a 6.4% increase from last year. It’s no small amount for any company, but a few million is only a small fraction of the cost of “mega breaches,” which compromise at least 1 million records.

The “2018 Cost of a Data Breach Study,” sponsored by IBM Security and conducted by the Ponemon Institute, annually evaluates the total cost of security incidents. This marks the first time researchers calculated costs associated with breaches ranging from 1 million to 50 million lost records.

So what’s the damage? It turns out massive security breaches come with equally large price tags, ranging from $40 million for 1 million records lost to $350 million for 50 million records lost.

Read more from Dark Reading

Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

Related Articles

- Advertisement -

Latest Articles