Data Breach Costs Rise To $7M Per Incident, Study Says

By Cara Salvatore (June 15, 2016, 10:29 PM EDT) -- U.S. companies now pay an average of just over $7 million for a standard data breach, according to a new study from IBM and the Ponemon Institute, the second-highest average in the 11 years the two have been doing the study.

In their annual Cost of Data Breach Study for the U.S., the partners found that U.S. companies pay a hair over $7 million for a standard data breach — one with fewer than 100,000 records compromised. The cost per record now averages $221, a 2 percent increase. Globally, the cost has risen to an average of $4 million per breach....

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