IBM Study: Cost of a Data Breach Reaches $350 Million
A study IBM Security and conducted by Ponemon Institute found that the average cost of a data breach globally is $3.86 million, a 6.4 percent increase from the 2017 report.
This year for the first time, the 2018 Cost of a Data Breach Study also calculated the costs associated with "mega breaches" ranging from 1 million to 50 million records lost, projecting that these breaches cost companies between $40 million and $350 million respectively.