“Paging the incident response team: It now takes a large organization an average of 21 days at a cost of $20,000 per day to clean up and remediate after a cyberattack, with the total price tag for a data breach now at nearly $640,000.

That’s an increase of 23% over last year, says Larry Ponemon, chairman and founder of the Ponemon Institute, whose 2014 Global Report on the Cost of Cyber Crime, an annual look at what organizations end up paying after a breach, will be published tomorrow.”

Source:Cost Of Data Breach Jumps By 23%