Average Cost of Data Breach Rises to $3.8 Million

The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study. The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp.

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