It all largely depends on the country and industry, but the penalty for data leakage can range from $1.25 million to as much as $8.19 million.
Numbers are hard to capture in cybersecurity, especially when almost every day brings news of a new hack
The average cost of a data breach, according to IBM, is $3.9 million, up 1.5 percent from a year earlier, a 12 percent increase over the past five years.
Reports agree that companies that had security automation technologies in place halved the cost of intrusions ($2.65 million on average) compared to companies that opted out of such solutions ($5.16 million on average). So companies that have incident response teams and base their cybersecurity on periodic incident response testing can save an average of $1.23 million per data breach.
