IBM Cost of a Data Breach Report 2020 found that breaches in the public sector averaged a cost of $1.6 million per breach. The public sector lags behind other industries in terms of time to identify and contain data breaches. The longer it takes to find and fix a data breach, the higher the costs, the report found. There are three ways public sector can more quickly spot and contain a government data breach. Each dollar spent is taxpayer money, which could be better used improving the community.”]
Source: https://securityintelligence.com/articles/3-ways-to-reduce-cost-of-a-government-data-breach/