Data Breaches Cost You More

Mon, January 01, 2007 — CIO — Data breaches continue to become more expensive: Costs to companies weigh in at a hefty average of $182 per compromised record. That’s a 30% increase over the 2005 average cost of $138. Other notable findings:

Average data breach cost per incident: $4.8 million

Average spending after incident to prevent further breaches: $180,000

Source: Ponemon Institute’s "2006 Cost of Data Breach Study"

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