IBM Security and Ponemon Institute just released the 2019 Cost of a Data Breach Report.
The report has a number of alarming statistics, and we’re going to highlight a few of them here!
This number is actually higher than last year’s $3.86 Million. The cost of a data breach continues to grow as more “mega breaches” (Breaches greater than 1 million records) occur.
While the total cost of a data breach is almost double for larger organizations, small businesses have an incredibly higher cost per employee ratio. It’s much harder for smaller organizations to bounce back from a data breach – many businesses cannot continue operating after an incident.
In the span of six years, the chance an organization will experience a data breach has risen from 22.6% to 29.6 percent. These percentages estimate the chance that an organization will experience a data breach within two years.
That’s a HUGE jump!
Regardless of your organization’s size, NetConnect can help you mitigate the chances that a cyber attack inflicts serious harm to your business.
DATA BREACHES CAN HAPPEN TO BUSINESSES OF ANY SIZE
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