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Costs Of Data Breaches Much Higher In U.S. Than In Other Countries, Study Says

A data breach in the United States could cost enterprises twice as much as the same breach costs companies in other countries with less stringent disclosure and notification laws. In the U.S., where 46 states have introduced laws forcing organizations to publicly disclose the details of breach incidents, the cost per lost record was 43 percent higher than the global average. In Germany, where equivalent laws were passed July 2009, costs were second highest — 25 percent above the worldwide average. The Ponemon study breaks breach costs into five components: detection, escalation, notification, post-breach response.”]

Source: https://www.darkreading.com/analytics/costs-of-data-breaches-much-higher-in-u-s-than-in-other-countries-study-says

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