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BrandPost: What it’s worth: Cost breakdown of a breach

Discussion in 'CSO' started by RSS, Aug 23, 2016.

  1. RSS

    RSS New Member Member

    What can a U.S. company expect to pay if breached today? According to the recently released IBM/Ponemon Institute report 2016 Cost of a Data Breach Study, the average cost of a breach for U.S. organizations rose to $7 million. That’s an increase of 23% since 2013.

    For the past 11 years, the Ponemon Institute has reported on the cost incurred by businesses, providing a window into the evolving cyberattack landscape. For the current report, respondents included 64 companies — from a variety of industries — that had actually been breached and were required to notify their clients and employees of the breach. Most of the breach incidents occurred in 2015, with a few recorded in 2016. Ponemon also conducted a separate global study that examined breaches in 12 countries.

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