IBM Says Data Breach Will Cost Organizations at Least $3.86 Million

A new study by IBM estimates that organizations that get hit by a breach can expect to shell out around $3.86 million.

In the study “2018 Cost of a Data Breach” which was done with the Ponemon Institute, IBM says that the cost can be brought not by system damage, but rather the subtle expenses the breach may bring to the organization.

It was noted that situations such as loss of reputation that may deter potential future customers, dissolution of business relationships, and the time employees must spend on damage control, rack up the bill significantly.

 

Source: ZDNet