According to a new study by the RAND
Corporation, published in the Oxford Journal of Cybersecurity, the average cost of a typical cyber breach for an American company has been estimated at $200,000, significantly less than the $1,000,000 figure suggested by other organizations, such as the Ponemon Institute
. The study analyzed a private data set of 12,000 cyber incidents over a decade based on corporate losses compiled for the insurance industry.
“Relative to all the other risks companies face, the cyber risks often aren’t…Continue reading...