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Jun 30, 2016 1:00:00 PM

Data Breach Cost Rises: Are You Secure?

Forbes just reported that “the average cost of a data breach has reached $4 million, up 30% from 2013.” The article shows that time is of the essence when measuring the costs a breach may inflict. For example, if the breach is identified in less than 100 days, the cost is averages a mere $3.23 million while those that were undiscovered until after 100 days could cost an average of $4.38 million for repairs and reparations. What a difference a few days can make when it comes to controlling the costs associated with repairing the damage of a data breach.

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Topics: Leadership, Data Breach