A data breach may be more expensive than you think, thanks to these hidden costs

Data breach can cost $3.86 million, according to IBM report. The amount of time it takes to find a data breach, investments in technology that expedite response time, and lost or stolen records impact data breach costs severely. Response time is crucial – companies lost an average of $148 per lost or stolen record, which supports the need to find a breach quickly, continued the release.

Source: A data breach may be more expensive than you think, thanks to these hidden costs – TechRepublic

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