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Average security breach costs $551,000, Kaspersky says


A Kaspersky Lab study has found that a security breach costs businesses an average of $551,000 per incident, as reported by CFO Innovation.

Meanwhile, small and medium sized businesses require $38,000 on average for the dealing with a breach fallout. The costliest forms of security breaches are cyber espionage, failure of third party suppliers, employee fraud and network intrusion.

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