Home >Companies >The costs of data breaches

A data breach, when an individual’s identity, medical or financial records are potentially put at risk, can prove to be costly to both people and companies. The main causes of data breaches are malicious or criminal attacks, system glitches or human errors, according to the 2014 Cost of Data Breach Study by IBM that was done in association with Ponemon Institute.

India is one of the countries/regions that have the highest number of average data breaches, but its cost per capita is low. This study was conducted using qualitative questionnaires in 314 major companies across 10 countries.

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