$154 or 58 cents — what’s the real cost of a breached data record?

Ponemon Institute’s $154 number is based on an analysis of 350 companies that suffered breaches in 2014. IBM Security sponsored this year’s Ponemon report. IBM: Verizon’s estimate seems unreasonably low, but Ponemon says there’s no evidence companies are under-insuring their cyber assets. Ponemon: Insurance doesn’t cover indirect costs or loss of business, which is why companies don’t cover them. The report only covers breaches between 5,000 and 100,000 records in size.”]

Source: https://www.csoonline.com/article/2931839/154-or-58-cents-whats-the-real-cost-of-a-breached-data-record.html