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Data Loss Costing Companies $6.6 Million Per Breach

The total average cost of a data breach last year reached $202 per record, a 2.5% increase since 2007. The study was conducted by the Ponemon Institute and PGP, a data-encryption vendor. The highest reported total cost among the 43 respondent organizations was $32 million. Third-party breaches cost an average of $231 per record compared with $179 for breaches originating from within the organization that owns the data. Insider negligence is the biggest cause of breaches, according to the study.”]

Source: https://www.darkreading.com/attacks-breaches/data-loss-costing-companies-6-6-million-per-breach

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