IBM published its annual study on data breaches, which looks at causes, costs of damages, and trends on a global scale. This year’s report found that data breaches cost the victimized organization an average of $3.86M in damages. Healthcare was found to be the industry with the most expensive data breaches, costing victims an average of $7.13M, and the U.S. proved to have the highest costs of damages of any country, paying an average of $8.64M per data breach. “It’s true that in cyberspace, the best way to make quick money is trafficking information – data breaches, ransomware, you name it,” commented Avast Security Evangelist Luis Corrons. “It has become a popular saying that ‘data is the new gold.’”
