The average cost of a data breach to companies has risen to £2.8m according to an annual survey from IBM for IBM . This marks a 29% increase since annual . The number of incidents in 2015 rose 29% year-on- 2013 . Incidents have also become increasing sophisticated, another factor that has contributed to higher costs. The report found that using an incident response team was the most significant factor that reduced the cost of a data breach, saving an average of £ 11 per company.
The average cost of a data breach to companies has risen to £2.8m according to an annual survey from the Ponemon Institute for IBM. This marks a 29% increase since 2013. The number of incidents in 2015 rose 64% year-on-year. Incidents have also become increasing sophisticated, another factor that has contributed to higher costs. The report found that using an incident response team was the most significant factor that reduced the cost of a data breach, saving an average of £282,000 per company.