Data breaches could cost companies millions every day

“Data breaches that compromise sensitive data could cost large tech firms as much as $174 million a day (or $37.3 billion a month) according to a new report from cloud solutions firm iomart.

Analysing the financial impact of data breaches, the firm found that a large company typically loses anywhere between 10-99 million records in an incident, resulting in a 7.27 percent fall in company value.” – read more at ITProPortal!