Breach Costs Expected To Continue Rising
DATA LOSS—AUSTRALIAMay 20, 2011
The average cost of each record lost in a data breach is about $128, up four percent from 2009, Smart Company reports. That's according to new research by Symantec and the Ponemon Institute, which also found that the cost of significant data breaches--those involving 3,200 to 65,000 individuals--was $2 million in 2010, as reported by 19 Australian companies. "The data breach aspect is not going to get any better. It's going to get worse with all new types of cloud-based models companies are using now, so leak stress will be even greater," said one expert.