Data breach costs on the rise, IBM study shows
News and information from the Advent IM team.
- by Ellie Hurst
- Industry News
Data breach costs have risen in the past decade, and the financial impact can be felt for years. Breaches posing a growing risk for small businesses, a study shows, underlining the importance of incident response. The cost of a data breach has risen 12% over the past five years to £3.2m on average globally, with a 10.56% increase in the UK in the past year alone to £2.99m on average, a study reveals.
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