Published On March 16, 2021The 2020 IBM Security Cost Of A Data Breach Report states that the global average cost of a data breach is $3.68 million.
The 2020 IBM Security Cost Of A Data Breach Report states that the global average cost of a data breach is $3.68 million. For the US, this average is $8.64 million. These are significant costs - but the damage to reputation and consumer trust that comes with data breaches is far greater. It’s incredibly important to sanitize devices and disposition them appropriately. In fact, data disposal is subject to many stringent and punitive laws around the world. In a recent blog post, Iron Mountain ITAD partner TES summarized U.S. and U.K. data protection and disposal laws, as well as the potential consequences of any breaches: