{"id":5998,"date":"2018-07-12T02:58:26","date_gmt":"2018-07-11T21:28:26","guid":{"rendered":"https:\/\/www.digitalcreed.in\/?p=5998"},"modified":"2021-10-24T18:42:06","modified_gmt":"2021-10-24T13:12:06","slug":"ibm-study-hidden-costs-data-breaches-increase-expenses-businesses","status":"publish","type":"post","link":"https:\/\/www.digitalcreed.in\/ibm-study-hidden-costs-data-breaches-increase-expenses-businesses\/","title":{"rendered":"IBM Study: Hidden Costs of Data Breaches Increase Expenses for Businesses"},"content":{"rendered":"
India: 11 July 2018<\/strong>: IBM Security today announced the results of a global study examining the full financial impact of a data breach on a company\u2019s 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 \u20b9 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.<\/p>\n