Data Breach Costs Top $200 Per Customer Record

Monday Jan 25th 2010 by Datamation.com Staff
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The Ponemon Institute says that recovering from a data breach cost organizations an average of $6.75 million in 2009, up from $6.65 million in 2008.

CIO.com: Data breaches just keep getting more expensive. The latest figures from the Ponemon Institute put the average 2009 cost at $204 per record, for an average of $6.75 million per incident. That's up just $2 per record from 2008, but the average data breach cost organizations just $138 per record five years ago when the Ponemon Institute first began conducting its annual study.

In making its estimates, Ponemon considers lost business, legal fees, remediation expenses, disclosure expenses, and consulting help. This year's data came from 45 companies that were willing to discuss their data breaches during the last year.

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