‘Data Breaches of eCommerce Retailers Cost $172 Per Record’ – Small Business Trends
Joshua Sophy says, “If your small business hasn’t been “hacked,” it can be difficult to quantify the potential impact of cyber crime.
True the impact of a cyber crime committed against your small business can range from simply annoying to potentially crippling. But in the end, the question remains whether a way exists to measure that impact in dollars and cents?
Cost of a Data Breach
Well, new data from cyber security software provider Symantec (NASDAQ:SYMC) and eCommerce platform BigCommerce reveals the true cost of a hack on an eCommerce retailer. According to that data, the cost of a data breach to an eCommerce retailer is now $172 per record.
And the cost to eCommerce retailers continues to increase as does the likelihood of an attack. The same data shows that the cost of a hack has gone up 29 percent since 2013. Today, the average cost of a single attack stands at a staggering $4 million”.
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