"Average Data Breach Cost has Risen to $3.92 million"

The cost of a data breach has risen 12% over the past 5 years.  A data breach now costs a company $3.92 million on average, according to IBM. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks. The new research also looked at how long a company would be affected by the cost of a data breach.   It was discovered that the effects of a data breach are felt for years. While an average of 67% of data breach costs were realized within the first year after a breach, 22% accrued in the second year and another 11% accumulated more than two years after a breach.

Help Net Security reports: "Average Data Breach Cost has Risen to $3.92 million"