The average total cost of a data breach for the participating companies increased 23 percent over the past two years to $3.79 million. The Center for Strategic and International Studies estimates the annual cost of cybercrime and economic espionage to the world economy may be as high as $445 billion. An information security breach will rob a company of its good name, customers, increase new customer acquisition costs and decrease opportunities. The damage may also be compounded by individual or class action lawsuits from former customers. TalkTalk is an outlier possibly due to the manner in which the company handled the incident.”]
Source: https://www.csoonline.com/article/3040982/data-breaches-often-result-in-ceo-firing.html