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Asia Pacific Dashboard Digest | Report: Data breaches cost Australian businesses AU$2.51M Related reading: Capital One staff had cybersecurity concerns before breach





A report from IBM and the Ponemon Institute found data breaches cost Australian organizations AU$2.51 million on average, ZDNet reports. “The 2017 Cost of Data Breach Study: Australia” examined 25 Australian organizations after they suffered a data breach. The report found a data breach compromised an average of 18,556 records, with 48 percent of data breaches resulting from malicious actors and 28 percent coming from employee negligence. The report found IT security complexity was the main factor driving up costs after a data breach. “Although some complexity in an IT security architecture is expected to address the many threats facing organisations, too much complexity can impact the ability to respond to data breaches,” the report states.
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