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How Much Does a Data Breach Cost?

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Written by Rob Marvin  Article from PC MAG Data breaches are a terrifying reality for every company that does business on the internet—which is all of them.  No matter what endpoint protection, encryption, and security you put in place, there's always a chance your sensitive customer information might be part of the next trove of data to leak online.  There are all sorts of things not to do when your poor server is the one that's breached, but one way or another, it's going to cost you.  According to the latest Cost of a Data Breach study by IBM and the Ponemon Institute, in the US, the average incident could cost a company upwards of $7.9 million.  The 13th annual report found that the global average cost of a data breach is up 6.4 percent over the previous year to $3.86 million, and the average cost for each lost or stolen record containing sensitive and confidential information also increased by 4.8 percent year over year to $148 per record.

WannaCry: What can you do to protect your business?

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WannaCry: What can you do to protect your business? By Matthew Wall and Mark Ward Technology of Business, BBC News 19 May 2017   From the section Business There's been a lot in the news over the past week or two about the WannaCry cyber-attacks and what companies, in particular, are doing about the risk.   As well as keeping antivirus, firewall, application and OS software up-to-date, backing up key data regularly to offline hard drives should be a top priority, most cyber experts agree. This is because  data breaches and cyber-attacks  are inevitable these days. The bad news is that the average cost of a data breach globally stands at $4m (£3.1m), according to SailPoint, an identity management firm. This article from the BBC discusses what attacks mean for business and what steps can be taken.                       And this from Department of Homeland Security for what to do before, during and after: Cyber Incident  ... ·