Data Breach Costs Will Get Worse Before They Get Better. Here’s Why.by@jessealmeda

Data Breach Costs Will Get Worse Before They Get Better. Here’s Why.

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In 2018, there were 1,244 reported data breaches in the United States, with a 126 percent jump in the number of personal records exposed. IBM: The average cost of recovering those records, accounting for damages, and improving security to prevent further breaches is $3.92 million. Despite efforts to improve cybersecurity, data breach costs will get worse before they get better. Data is becoming more valuable, and hacks are therefore becoming more lucrative. The good news is, most companies and organizations are doing better. But there is a limit to how much new technology can improve their security.

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