How to calculate the cost of data breaches

While the global average total cost of data breaches for companies fell 10% this year, US companies saw a 5% increase in cybersecurity-related expenses. Read Wendi Whitmore of IBM Security X-Force Incident Response & Intelligence Services explain causes of data breach costs and how companies can save on Tech Republic.

Accidental data breaches remain the leading cause of loss

Ransomware attacks continued to increase during the first half of 2017, up 50 percent over the first half of 2016, but accidental breaches remain an enormous factor, according to a new report from Beazely. Read more about the new report by Beazely which reveals that accidental data breaches remain leading cause of data breach in […]

Protect against the fastest-growing crime: cyber attacks

Cyber theft is the fastest-growing crime in the U.S., and cost the global economy more than $450 billion in 2016, with more than 2 billion person records stolen. By 2021, cyber crime damage costs could hit $6 trillion annually, according to a report by Cybersecurity Ventures. Read about the new report by Cybersecurity Ventures which reveals […]

Data breaches setting Australian organisations back AU$2.5m: IBM

Data breaches are costing Australian organisations an average of AU$2.51 million — approximately AU$139 per capita — a report from IBM and the Ponemon Institute has found. The 2017 Cost of Data Breach Study: Australia report investigated the costs 25 Australian companies incurred in 11 industry sectors after experiencing the loss or theft of protected personal […]

Data Breach Disruptions: The Cost of Cybercrime in Canada

News about malicious cyber-attacks have been flooding media outlets in recent weeks as high-profile viruses (including WannaCry and Petya) continue to hit leading global and Canadian companies. What’s the cost here at home? Read about the new IBM Security and Ponemon Institute report which reveals that the average cost of a data breach in Canada is C$5.78-million, […]

CFOs Can Expect Pain When Hit With a Security Breach

While cybersecurity is often seen as an IT concern, the impact that a data breach has on an organization’s financial standing makes it a serious issue for financial executives. The real cost of a data breach to a company’s bottom line based on recent research is shocking. Read about the new survey by Centrify and […]

The cost of data breach is on the rise in India despite global drop

The average cost of a data breach for the Indian companies has grown from Rs 97.3 million in 2016 to Rs 110.0 million  in 2017 (a rise of 12.3%), while globally, the average cost of a data breach in 2017 is $3.62 million, a 10% decline from 2016, according to an IBM study. Read about […]

How Much Does A Data Breach Cost Your Company? A Lot More Than You Might Think

Read why Nicolas Cole says that data breaches often cost the company more than they think on Huffington Post : Despite the fact that the Internet has become a key pillar in the workings of modern day society, there is still a massive knowledge gap between Internet users and how the Internet actually operates. Read […]

Data breach costs are dropping, but still $3.62 million on average, report says

Financial losses from data breaches may be starting to drop: The average cost of a data breach worldwide is now $3.62 million, down 10% from last year, according to a new study from IBM Security and the Ponemon Institute. Read about the new study by IBM Security and the Ponemon Institute which reveals that data breach […]

The Cost Of A Data Breach Can Be An Expensive Headache

Companies that don’t proactively factor in the costs of a data breach could find themselves saddled with more than just a disgruntled customer base. According to an IBM-partnered report by the security-focused research organization Ponemon Institute, the average total cost of a data breach was around $3.62 million in 2016. Read about the new report by […]