Study Reveals Average Cost of Data Breach Reaches Record Levels
According to abenchmark study of 350 companies spanning 11 countries, the average consolidated total cost of a data breach is $3.8 million.
The Ponemon Institute Cost of Data Breach Study: Global Analysis, sponsored by IBM, study also found that the average cost incurred for each lost or stolen record containing sensitive and confidential information increased six percent from a consolidated average of $145 to $154. Healthcare emerged as the industry with the highest cost per stolen record with the average cost for organizations reaching as high as $363. Additionally, retailers have seen their average cost per stolen record jump dramatically from $105 last year to $165 in this year’s study.