Corporate data breach average cost hits $7.2 million

[security curmudgeon <jericho () attrition org>]

http://www.databreaches.net/?p=17005

Corporate data breach average cost hits $7.2 million

March 8, 2011 by admin
Filed under Commentaries and Analyses


     The cost of a data breach went up to $7.2 million last year up from
     $6.8 million in 2009 with the average cost per compromised record in
     2010 reaching $214, up 5% from 2009.

     The Ponemon Institute.s annual study of data loss costs this year
     looked at 51 organizations who agreed to discuss the impact of losing
     anywhere between 4,000 to 105,000 customer records. The private-sector
     firms participating in the Ponemon Institute.s .2010 Annual Study:
     U.S. Cost of a Data Breach. hail from across various industries,
     including financial services, retail, pharmaceutical technology and
     transportation.

Read more on NetworkWorld.   Of note, those who respond quicker to getting 
notifications out to consumers, seem to be paying more:

[..]
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