IBM Finds Data Breaches Cost Companies Millions of Dollars

An IBM study about data breaches found the average total cost of a data breach in 2015 is $3.8 million, representing a 23 percent increase since 2013. As the holiday retail season approaches, now is the time to make sure your business is secure enough to prevent data breaches. Companies like Target, TalkTalk, Ebay and JP Morgan Chase have all been a victim of data breaching, costing them millions of dollars. Data breaches are often caused by hacking and malware attacks. According to InformationWeek, hacking is the most common method of data breach attacks followed by malware, physical attacks, social engineering, misuse and user error. Prevent your company from being…