Reader Orome1 writes: The average data breach cost has grown to $4 million, representing a 29 percent increase since 2013, according to a report by Ponemon Institute. Cybersecurity incidents continue to grow in both volume and sophistication, with 64 percent more security incidents reported in 2015 than in 2014. As these threats become more complex, the cost to companies continues to rise. In fact, companies lose $158 per compromised record. Breaches in highly regulated industries like healthcare were even more costly, reaching $355 per record — a full $100 more than in 2013.

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Source: Slashdot – The Average Cost of a Data Breach Is Now Million