The Rising Cost of Data Breaches

According to a recent report from Ponemon, the already-high cost to companies of a data breach increased by 23 percent in 2014 over the previous year, and the health care and education sectors were particularly hard hit. There is some good news in there, though: the report also shows that the cost of data breaches drops when the company’s board of directors gets more involved, and such factors as insurance, a dedicated incident response team, employee training and encyption also reduce the costs of a breach.

Get more of the info from the report here:

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