We finally know how much a data breach can cost

Everyone knows corporate data breaches can be expensive, but does anyone really know exactly how expensive? Recent estimates for the average cost have landed all over the map, ranging from $4 million to $7 million. But when it comes to the top end of the scale, those appraisals turn out to be laughably small.

+ Also on Network World: Everything you know about cyberwar is wrong +

The massive Yahoo data breaches of 2013 and 2014 now have a real cost attached to them, and it’s a couple orders of magnitude larger than those piddly estimates. Simply put, the breaches forced Yahoo to renegotiate its sale to Verizon, cutting the price by $350 million. 

To read this article in full or to leave a comment, please click here