A study from the Ponemon Institute and IBM found the average cost of a data breach is $4 million, a 29 percent increase from 2013, ZDNet reports. Ponemon’s study examined 283 companies, finding the average cost per compromised record was $158 in 2016, up from $154 last year. The study also revealed a 26 percent probability of an enterprise suffering one or more data breach where 10,000 records will be compromised over the next two years. Ponemon’s data found U.S. data breaches were the most costly per record, coming in at $223, with the average total cost estimated at $7.01 million. In related news, hackers have stolen the information of more than 45 million users of car, sports and tech sites in what could be one of the largest data breaches ever. Compromised data appears to include email and IP addresses, usernames and passwords.
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