Data breach costs on the rise, IBM study shows

• by Ellie Hurst
• Industry News

Data breach costs have risen in the past decade, and the financial impact can be felt for years. Breaches posing a growing risk for small businesses, a study shows, underlining the importance of incident response. The cost of a data breach has risen 12% over the past five years to £3.2m on average globally, with a 10.56% increase in the UK in the past year alone to £2.99m on average, a study reveals.