27 Jun What Does a Data Breach Really Cost?
Data breaches becoming increasingly expensive
In 2018, 33 zettabytes of data were generated globally, and this figure has been predicted to reach 175 zettabytes by 2025. The darker side of that is that, according to the Breach Level Index, almost 13.5 billion data records have been lost or stolen in the last six years. The first six months of 2018 alone saw 3.3 billion data records exposed.
To investigate the cost and impact of data breaches, IBM Security and the Ponemon Institute recently published a global overview of their 2018 Cost of a Data Breach Study. In this study, over 2,200 IT, data protection and compliance professionals from 477 companies that had experienced a data breach during 2017 were interviewed. Findings showed that data breaches remain extremely costly and that the impact of such breaches is increasingly painful.