Survey: Quick Responders Pay More for Breaches
DATA LOSS—U.S.March 9, 2011
InformationWeek reports that the cost of a data breach for a U.S. company continues to rise, reaching $7.2 million in 2010, an increase of nine percent from the previous year. A Ponemon Institute study, published by Symantec, found that companies that responded to a breach rapidly paid more than companies that responded slowly. "Quick responders paid $268 per record, an increase of 22 percent from 2009, while organizations that took more time paid $174 per record, a decrease of 11 percent from 2009," the report states. Negligence topped the list of data loss causes.