From: ZDNet
New research suggests that the average cost of data breaches is lower than many estimates and too low to drive greater investment in cybersecurity.
By Liam Tung
Far from running into millions, the average cost of a data breach is less than $200,000, or roughly what firms are spending on IT security systems, according to a study from non-profit thinktank RAND.
The study, published in the Journal of Cybersecurity, challenges the much higher cost estimates provided by the Ponemon Institute. This year that research organization put the average cost of a breach at $4m.
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