IBM: A data breach will now cost your organization $3.86 million, if you're lucky
There are hidden costs over time which make the bill far larger than you may expect. A new global study conducted by IBM suggests the financial impact of a data breach for an organization is, on average, $3.86 million. However, in the worst cases, "mega breaches" may cost the enterprise between $40 million and $350 million. IBM's 2018 Cost of a Data Breach Study, conducted in conjunction with the Ponemon Institute, suggests that the cost can become this high not due to the ob