Data-Breach Costs Rising, Study Finds
BobB-nw writes to tell us that a recent study of 43 companies that suffered from data breaches last year showed the total cost of dealing with the breach to have risen to .6 million per incident. The cost is about 2 per record compromised for first timers, while the repeat offenders seem to have their mojo down and only suffer about 2 per record. With 88% of all data loss cases for 2008 being traced back to insider negligence it’s a wonder that a little upfront money isn’t being directed at prevention, guess as soon as they idiot-proof it someone will build a better idiot.
Read more of this story at Slashdot.
