Security News > 2018 > July > Cost of data breaches rises, mega breaches cost up to $350 million

Hidden costs in data breaches – such as lost business, negative impact on reputation and employee time spent on recovery – are difficult and expensive to manage. For example, a new study found that one-third of the cost of mega breaches (over 1 million lost records) were derived from lost business. Conducted by Ponemon Institute, the 2018 Cost of a Data Breach Study found that the average cost of a data breach globally is $3.86 … More → The post Cost of data breaches rises, mega breaches cost up to $350 million appeared first on Help Net Security.

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