Cost of data loss per organization surpassed $1M in the past year

Businesses now manage an average of 13.53 petabytes of data, but struggle to keep it secure.

Within the last 12 months, the total cost of data loss has reached an average of more than $1 million per organization, Dell Technologies found. Companies now manage 13.53 petabytes on average, a whopping 831% increase since 2016.

Despite businesses managing nearly 40% more data than they were a year ago, the majority (81%) of professionals said their current data protection solutions aren’t good enough. Dell’s Global Data Protection Index 2020 Snapshot evaluated the challenges associated with advancing technologies, as well as the security readiness of organizations.

Source: Dell: Cost of data loss per organization surpassed $1M in the past year – TechRepublic