The cost of data breaches to Australian companies has surged over the past year to be well above global averages, according to new research in which 47 percent of Australian CISOs said breaches had costed them more than US$5m (A$7m). That percentage – one of numerous findings in Cisco’s 2019 CISO Benchmark Study – had increased from 17 percent a year ago, and is well ahead of the global average of 8 percent of breaches costing that much.

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