Tools of the Data Breach Trade: How to Keep Your Customers and Your Credibility in 2017
Data breaches are now a cost of doing business, but the price tag is unacceptably high. Juniper Research predicts that data breaches will cost $2.1 trillion globally by 2019, which is almost four times more than in 2015. And according to the Ponemon 2016 Cost of Data Breach Study: Global Analysis, the average total cost of a data breach for the 383 companies surveyed increased from $3.79 million in 2015 to $4 million in 2016. That represents a 29 percent increase in the total cost of a data breach since 2013.