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Data Breach Costs Top $200 Per Customer Record
alphadogg writes "The cost of a data breach increased last year to $204 per compromised customer record, according to the Ponemon Institute's annual study. The average total cost of a data breach rose from $6.65 million in 2008 to $6.75 million in 2009. The Ponemon Institute based its estimates on data from 45 companies that publicly acknowledged a breach of sensitive customer data last year and were willing to discuss it. In tallying the cost of a data breach, the Ponemon Institute looks at several factors, including: the cost of lost business because of an incident; legal fees; disclosure expenses related to customer contact and public response; consulting help; and remediation expenses such as technology and training."
For a second there I thought I'd read "The Pokemon Institute"
:-)
If I had an Ass, I'd call it Fanny Bottom, then I could slap my Ass; Fanny Bottom, on the Arse.
A related question is: how much does it cost to prevent. Managers will ask.
Table-ized A.I.
Data Breach Costs Top $200 Per Customer Record
My first reading of the headline left me wondering what company was named 'Top' and when was their data breach.
Tiller's Rule: Never use a word in written form that you've only heard and never read. You will end up looking foolish.