The cost of the average data breach in the U.S. skyrocketed this year, reaching $8.64 million, more than double the global average of $3.86 million, according to IBM’s “2020 Cost of a Data Breach” report.

The IBM report also pinpoints the reason behind these costly enterprise data breaches – employee error which leads to compromised accounts, and compromised accounts are exploited resulting in data breaches.

Read more about the escalating price of data breaches and recommended actions to take to secure your organization’s assets via the SoS Daily News.