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Average Cost of a Data Breach is $3.79 Million
On May 27, USA Today published an article on how costly data breaches are to large companies. In a survey conducted by the Ponemon Institute and IBM, it was found that breaches cost large companies
and average of $3.79 million globally. For companies based in the United States, the average cost is $6.5 million.
Additional statistics include:
- 350 Companies in 11 countries experienced a data breach. 62 companies surveyed were based in the U.S.
- Costs of data breaches has increased 23 percent since 2013.
- 25 percent of breaches are caused by human error, while 47 percent are malicious attacks.