A Ponemon Institute study estimated that the average consolidated total cost of a data breach is $3.8 million. The European General Data Protection Regulation (GDPR) will introduce some new challenges to organizations. The legislation requires that data protection be built into the development of business processes for products and services. The sanctions of a breach can reach up to 5 percent of a companys worldwide turnover, up to a maximum of 100 million. Security solutions range from detecting database vulnerabilities to comprehensive cloud security, endpoint protection and mobile security.”]
Source: https://securityintelligence.com/the-million-dollar-data-privacy-question-is-your-data-secure/