October 25, 2006
Sharp Rise in the Cost of Data Breaches
Anonymous Reader writes "PGP Corporation, Vontu and The Ponemon Institute released the 2006 Annual Study: Cost of a Data Breach. This benchmark analysis details the financial impact of data loss incidents on affected companies. According to the study's 2006 findings, data breaches cost companies an average of $182 per compromised record, a 31 percent increase over 2005. The Ponemon Institute analysed 31 different incidents for the study. Total costs for each ranged from less than $1 million to more than $22 million."