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What is the cost of a data breach?

August 29, 2019

Via: CSO

Data breaches and security incidents are becoming increasingly costly. Canadian lender Desjardins Group recent revealed it had spent C$70 million ($53 million) in the wake of a breach earlier in the year that exposed personal information of 2.9 million members. Manufacturer Norsk Hydro said the final bill for its crippling cyberattack could be as high as $75 million. British Airways and Marriott have had to add $100 million each onto the final cost of their incidents after falling foul of GDPR.

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