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Ponemon: Mega breaches, data breach costs on the rise

July 26, 2018 / Casey Clark

The Ponemon Institute's '2018 Cost of a Data Breach Study' details a rise in data breaches with a look at mega breaches and why U.S. companies experience the greatest loss. The Ponemon Institute's latest study on data breach costs highlights the rise of what it calls "mega breaches," which are the worst types of security incidents in terms of costs and data exposed. The "2018 Cost of a Data Breach Study: Global Overview," which was sponsored by IBM Security, details the cost enterprises incur after falling victim to a data breach and found that the average total cost of a data breach rose from $3.62 to $3.86 million -- a 6.4% increase -- with $148 as the average cost per lost or stolen record. This year's report also features data on the biggest breaches, which Ponemon and IBM have termed "mega breaches." "Mega breaches are where there are more than one million records that have been breached," Limor Kessem, executive security...