The average cost of a data breach has risen to $3.86 million, according to a new report from IBM. The latest version shows a 6.6% increase in costs. Which includes direct losses, indirect losses related to time and effort in dealing with a breach, and lost opportunities such as customer churn as a result of bad publicity.
Falanx Group Limited (LON:FLX), is a global intelligence and cyber defence provider working with blue chip and government clients. It operates the MidGARD cyber monitoring platform for corporate and governmental customers which utilises a combination of proprietary and third party processes and technologies.