![\"IBM](\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod.jpg\")
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Yesterday, the Ponemon Institute released the results of a study sponsored by IBM \u2014 the 2018 Cost of a Data Breach Study. The findings from this report paint a bleak picture for enterprises facing increasingly sophisticated cyber attacks on their endpoints and databases.<\/span><\/p>\n While in 2017 the reported cost of a data breach was $3.62 million, the IBM study found that the new cost is on average $3.86 million\u2014representing an increase of 6.4%. According to Wendi Whitmore, global lead for the IBM X-Force Incident Response and Intelligence Services (IRIS) in a statement to <\/span>eWEEK<\/a>: <\/span><\/i>\u00a0“The fact that the global cost of a data breach rose this year is no surprise, since this figure has risen fairly consistently each year of the report, with the exception of 2017, which was an outlier.\u201d<\/span><\/p>\n However, this $3.86 million price tag for a data breach does not apply to what is termed a \u201cmega breach\u201d\u2014in which between 1 million and 50 million records are compromised in a single attack. Depending on the size of the mega breach, an attack of that size can cost an enterprise anywhere between $40 million and $350 million. Even this number doesn\u2019t accommodate outliers like the Equifax breach, which was so massive it was not factored into the study\u2019s average. <\/span><\/p>\n The 2018 Cost of a Data Breach Study also found that the time to detect a data breach and the time to contain a breach also increased\u2014to 197 days and 69 days, respectively. <\/span><\/p>\n Containing a data breach quickly and decisively is important, but with the right preventative capabilities from a next-gen endpoint security solution, you can stop hackers before they even penetrate your network. Now may be a good time to start looking at your cybersecurity seriously and getting rid of your legacy endpoint security solution.<\/span><\/p>\n Other Resources:\u00a0<\/strong><\/p>\n Gartner\u2019s 2018 Magic Quadrant for Endpoint Protection Platforms (EPP): What\u2019s Changed?<\/a><\/p>\n 4 Tips For Endpoint Security Solutions (That Everyone Forgets)<\/a><\/p>\n Endpoint Security Advice for the CISO on the Go!<\/a><\/p>\n Endpoint Security vs Legacy Antivirus: What\u2019s the Difference?<\/a><\/p>\n Comparing the Top Endpoint Security Vendors \u2014 Solutions Review<\/a><\/p>\n Answering the Top 4 Enterprise Endpoint Security Questions<\/a><\/p>\n Yesterday, the Ponemon Institute released the results of a study sponsored by IBM \u2014 the 2018 Cost of a Data Breach Study. The findings from this report paint a bleak picture for enterprises facing increasingly sophisticated cyber attacks on their endpoints and databases. While in 2017 the reported cost of a data breach was $3.62 […]<\/p>\n","protected":false},"author":41,"featured_media":1584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[75,83,22,13,30,158,8,92],"acf":[],"yoast_head":"\n\t\t\t![\"Download](\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/2018-carbon-black-gartner-speedbump.jpg\")
<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n\t\t\tGartner MQ for Endpoint Protection Platforms: What’s Changed?<\/a><\/strong>![\"Solutions](\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/03\/123-e1522249821940.png\")
<\/a><\/div><\/p>\nGARTNER: Magic Quadrant for Endpoint Protection Platforms<\/a>
\n<\/strong>![\"Download](\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/Gartner-IDaaS-Magic-Quadrant.png\")
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\n<\/a>![\"\"](\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/03\/2018-endpoint-security-buyers-guide-clip-art.png\")
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