According to the Breach Level Index, the number of data breaches tracked globally has increased by 49 percent, representing an increase of 78 percent in the number of data records stolen or lost compared with 2013. This is equivalent to 32 records lost or stolen every second.1 In the United States the number of data breach incidents tracked since 2005 hit a milestone of more than 5,000 and involved an estimated 675 million records.
This paper takes an in-depth look at the true costs — both short and long term — of a data breach, and provides steps and tips that executive teams and security leaders can use to determine and reduce the true cost of a data breach.
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