Silicon Valley Experts Talk Business Costs of Data Breaches

According to experts in Silicon Valley, data breach costs break down for business like this:

  •  80% less than $1 million in direct costs and damages
  • 15 % of breaches cost between $1 million and $20 million
  • 5% cost more than $20 million to investigate, deal with and pay legal costs
  • Average Cost is $7Million 
  • Only 8% of businesses are buying cyber insurance coverage

San Francisco Business Journal

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