Businesses now lose on average $158 (£112, €141) for every record that is compromised.
By Steve Evans
Part of that rise is the frequency and sophistication of the threats organizations are facing; IBM recorded 64% more attacks in 2015 compared to the previous year. Much of the $4 million (£2.8 million, €3.6 million) cost, 59% in fact, represents costs associated with cleaning up the incident, such as incident forensics, communications, legal expenditures and regulatory mandates.
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