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Big Data Breaches Cost Companies Hundreds of Millions of Dollars

  • Gizmodo, Sunday, July 15, 2018 10:40 PM
While the average cost of a data breach is around $4 million, costs connected to bigger breaches can run into the hundreds of millions of dollars, Gizmodo writes, citing a new report from IBC Security. “The findings paint a grim portrait of what the clean up is like for companies whose data becomes exposed -- particularly for larger corporations that suffer so-called ‘mega breaches,’ a costly exposure involving potentially tens of millions of private records,” it writes.

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