According to the Cost of a Data Breach Report by IBM, the average total cost of a data breach for businesses in the UK stands at £2.9 million. This represents an increase of 9.4 per cent from the previous year's report. The report also found that the average cost per compromised record was £98 which is higher than the global average of $146 USD per record. Obviously, the cost of a data breach can vary depending on a range of factors, including the size of the organization, the industry, the type of data compromised, and the severity of the breach. However, the cost of a data breach can be significant, and can include expenses related to legal fees, regulatory fines, [...]