The average cost of a cybersecurity attack has been increasing over time. The rewards to hackers in cyber heists have also been increasing, and this has been motivating them to come up with even better tools and techniques in order to allow them to steal more money and data. Several cybersecurity companies have listed their estimates for the average costs of cyber attacks in 2017/2018. The following are some of these estimates.
According to IBM—a tech giant both in hardware and software products—the average cost of a cybersecurity breach has been increasing and is now at $3,860,000. This is a 6.4% increase on their estimate for 2017. The company also estimates that the cost of each stolen record that has sensitive information in 2018 is at $148, which is a rise of 4.8% compared to their estimate for 2017. The following is IBM&apos...
