Data Breaches Now Cost Companies An Average Of $3.8M

Consumerist

(Mr Seb) (Mr Seb)

The aftermath of a now all-too-common data breach can be frustrating for consumers: canceling credit cards, monitoring credit reports for irregularities, and working with banks to recoup unauthorized purchases. But the hacks can also be expensive for the targeted company, with the average cost now sitting at a 10-year high of $3.8 million.

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