In this technological age, there has been rapid advances in technology such as in cloud computing. There are benefits, opportunities, and values to be gained from these technologies. However, there has also been introduction of new risks and challenges such data breaches in a cloud computing environment. Data breaches are dangerous to organizations in all sectors as it allows unauthorized users to access their confidential data which will come at a cost to these organizations. This paper will review data breaches in cloud computing environments and will discuss the costs of these data breaches and what factors will affect these costs.