BreachExchange mailing list archives
Security Breach Costs Jump 30%
From: security curmudgeon <jericho () attrition org>
Date: Thu, 29 Nov 2007 07:41:58 +0000 (UTC)
---------- Forwarded message ---------- From: InfoSec News <alerts () infosecnews org> http://www.baselinemag.com/article2/0,1540,2223732,00.asp By Deborah Gage Baseline November 28, 2007 The cost of recovering from a single data breach now averages $6.3 million-that's up 31 percent since 2006 and nearly 90 percent since 2005, according to the Ponemon Institute, which studies privacy and information management. Two-thirds of that cost is spent recovering business that's lost after a breach, a cost that has risen 30 percent since last year. More customers stop doing business with a company after their information is exposed, and it's getting more expensive to replace them. "As consumers and end users get more educated, I think there's less tolerance," says John Dasher, the director of product management for PGP, which, along with Vontu, co-sponsored the Ponemon study. Companies known to have suffered a breach were contacted by Ponemon, and 35 agreed to respond. The companies surveyed were from 16 industries and lost anywhere from 4,000 to 125,000 records. They spent an average of $197 per lost record investigating the breach, notifying customers, restoring security infrastructures and recovering lost business. [..] _______________________________________________ Dataloss Mailing List (dataloss () attrition org) http://attrition.org/dataloss Tenable Network Security offers data leakage and compliance monitoring solutions for large and small networks. Scan your network and monitor your traffic to find the data needing protection before it leaks out! http://www.tenablesecurity.com/products/compliance.shtml
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- Security Breach Costs Jump 30% security curmudgeon (Nov 29)