"What is The Cost of a Data Breach?"

Researchers at IBM conducted an annual study that found that customer data was the most-commonly compromised type of record during a data breach. The average cost per lost or stolen record was $146 across all data breaches.  The researchers also found that malicious attacks were behind about half of the breaches (52%), system glitches caused 25 percent of the breaches, and human error caused 23%.  Lost business remains one of the costliest effects of a data breach, and accounts for almost 40% of the cost of a data breach.  The cost of a data breach increased from $1.42 million last year to $1.52 million.  The average lifecycle of a data breach was 280 days, with 207 days taken to identify the breach and an additional 73 days to contain it. 

WeLiveSecurity reports: "What is The Cost of a Data Breach?"