Ponemon Study Finds Increasing Data Breach Costs and Analyzes Causes

The average cost of a data breach increased from $3.52 million last year to $3.79 million this year, according to a recently-released Report by IBM and the Ponemon Institute.  The Report analyzes trends that have contributed to the overall cost increase of data breaches as well as factors that can reduce or increase the cost of individual data breaches.  The Report also breaks down types of breaches and compares data across 11 nations, several industries and results from the previous two years.  And, the Report predicts the likelihood an organization will experience a breach of various sizes over a 24-month period.

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