Measuring the Return on Investment of Data Security
Measuring the Return on Investment of Data Security: Is it Worth the Cost? In today’s digital age, Data Security is no longer a luxury, but a necessity for businesses of all sizes. As technology advances and more data is stored online, the risk of cyber attacks and data breaches increases exponentially. According to a study by IBM, the average cost of a data breach is around $3.92 million, with some breaches costing upwards of $100 million. With such high stakes, it’s essential for businesses to invest in robust data security measures. But the question remains: what is the return on investment (ROI) of data security, and is it worth the cost? ...