The Hidden Cost of a Third-Party Data Breach

3rd Party Risk Management , Governance , IT Risk Management The Hidden Cost of a Third-Party Data Breach Breaches That Involve a Third-Party are Much More Expensive Than Those That Don’t Tony Howlett • December 4, 2019 Twitter Facebook LinkedIn Get Permission As data breaches within corporations and government continue to rise, the expenses to recover from them are escalating at an exponential pace. According to a study by the Ponemon Institute and IBM the average cost of a data breach is $3.92 million, up 6.4% compared to the previous year.

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