Cost of an enterprise data breach rises to $1.41 million

New research from Kaspersky finds that the cost of enterprise data breaches has risen from $1.23 million last year to $1.41 million in 2019. At the same time enterprise organizations have invested more in cybersecurity, with IT security budgets averaging $18.9 million compared to $8.9 million in 2018. Having a security operations center does help to limit the cost, however. Enterprises with an internal SOC estimate their financial damage from a cyberattack at $675,000, less than half the average impact cost in 2018. Additionally, the survey shows 34 percent of companies of all sizes with a dedicated Data Protection Officer… [Continue Reading]