The average cost of a data breach is $4 million, up 29 percent since 2013, according to Ponemon Institute and IBM data.

Ponemon conducted a study of 283 companies and found the 2016 costs related to a data breach has increased to $158 a record, up from $154 in 2015. Ponemon also concluded that there's a 26 percent probability that an enterprise will be hit by one or more data breach of 10,000 records over the next 2 years.

Among the key findings: