Data Breaches Cost Dearly
The Ponemon Institute has released their 2009 Annual Study: Global Cost of a Data Breach, sponsored by the security firm PGP Corporation. The study sets the cost in US at $204 per record, which is 43 percent higher than the global average cost for data breaches.In Germany the cost was $177 per record. Other countries: Australia ($114), France ($119), and the UK ($98). The cost of lost business accounts for 42% of the cost of the data breaches. For a summary of the study conclusions, see this article.