Average data breach costs $7.2M

On average, a single data breach cost organizations last year cost $7.2 million.

The latest U.S. Cost of Data Breach report finds that amount increased seven percent from 2009.

Inforsecurity.com reports that organizations need to do more to increase security. More than 40 percent of the breaches were caused by company or employee negligence.

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This story is part of Federal News Radio’s daily Cybersecurity Update brought to you by Tripwire. For more cybersecurity news, click here.