A recent IBM study found that the average cost of a data breach has hit $4 million—up from $3.8 million in 2015. There are countless factors that could affect the cost of a data breach in your organization, and it’s virtually impossible to predict the exact cost. You might be able to estimate a range with the help of a data breach calculator, but no single tool is perfect.
BitSight looks at a number of factors companies should keep in mind when it comes to calculating the actual cost of a future data breach.
