IBM Study: In India average cost of a data breach increases by 7.9% compared to last year

IBM Security today announced the results of a global study examining the full financial impact of a data breach on a company’s bottom line. Sponsored by IBM Security and conducted by Ponemon Institute, the study found that the average cost of a data breach in India is estimated at ₹ 119 million, a 7.9% increase from the 2017 report. Based on in-depth interviews with nearly 500 companies globally that experienced a data breach, the study analyzes hundreds of cost factors surrounding a breach, from technical investigations and recovery, to notifications, legal and regulatory activities, and cost of lost business and reputation. “The threat scenario

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