Interesting facts surface and covered in this report. Includes good points and quotes from people with recent experience about hidden costs that you may not be considering when you think of the impact of a breach.
- Average cost across all industries for each record involved in breach is $148.
- Average cost for healthcare organizations for each record involved in breach is $408.
- U.S. companies experienced the highest average total cost of a breach at $7.9 million.
Important quotes from those with recent experience in a breach:
“The true cost of the data breach was much higher than what we projected. One of the most expensive elements is the economic impact of the incident on business and IT performance,” said a senior security analyst with a U.S. energy company.
“The [data breach] incident was much worse than expected. It took a thousand hours for the [forensic] consultants to reveal the true identity and methods of the hackers,” an associate general counsel of a US Transportation firm told Ponemon.
Article on NBCNews.com: “The total cost of a data breach — including lost business — keeps growing”