When hackers penetrate your public and private networks, it can lead to devastating consequences. A data breach can not only destroy a company's electronic data, it can also bankrupt a business.

The average data breach costs $4 million, according to a 2016 study from IBM. The study also reports that the average cost incurred for each lost or stolen record containing sensitive and confidential information increased from $154 to $158 over the past year.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.