Security News > 2020 > March > Dell: Cost of data loss per organization surpassed $1M in the past year
Within the last 12 months, the total cost of data loss has reached an average of more than $1 million per organization, Dell Technologies found.
Despite businesses managing nearly 40% more data than they were a year ago, the majority of professionals said their current data protection solutions aren't good enough.
Data is undoubtedly dominating the enterprise: 80% of organizations in 2019 said they see their data as valuable and are currently consuming value from the data or are planning to in the future, up from 74% in 2018, the report found.
The largest threat to all of data appears to be the increasing number of cyberattacks accounting for data loss and systems downtime.
The cost of data loss also surged, growing to $1,013,075 in 2019 from $995,613 in 2018.