Topic: data breach
IBM: Average cost of data breaches rises to $4.88 million
According to new research from IBM, in 2024, the average cost of a data breach rose to $4.88 million, which is a 10% increase from last year. IBM’s findings imply that the costs have risen because the collateral damage from a breach — lost business, post-breach customer costs, etc — is having a greater impact … continue reading
Marriott fined $124 million for 2018 data breach
When the GDPR went into effect last May, many in the industry questioned how strict enforcement would be. As of February this year, the EU had only issued 91 fines across 59,000 data breaches. At the beginning of the year, Lev Lesokhin, EVP strategy and analytics at Cast Software, predicted that how the EU handles … continue reading
