Data breaches are an increasing issue for companies. Even small organizations are not safe from attacks, and cyber security has become a major investment. The Federal government is in the midst of passing laws to protect and better facilitate direct action on behalf of affected organizations.
But, what is the actual cost of a data breach?
As of 2014, it is estimated that data breaches cost companies an average of $3.8 million. Some companies are even forced to shell out $30 million or more in updated security measures, damage control and other areas. Companies such as the Target Corporation were forced to pay more than $100 million after hackers stole consumer information. (Read more at Docupace’s CyberSecurity Newscast->)
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