ANZ Dashboard Digest

Oz Data Breach Costs Rising

DATA LOSS—AUSTRALIA

March 30, 2012

A security vendor and a privacy research institute have released the results of survey showing that the cost of data breaches in Australia is rising, ZDNet Australia reports. The Cost of Data Breach Study: Australia study, sponsored by Symantec and conducted by the Ponemon Institute, looked at 22 Australian organisations and revealed that the cost per breach has increased from $128 to $138. A similar survey of U.S.-based organisations revealed declining breach costs. "Laws in the U.S. have encouraged companies to make sure...that they put policies, processes and technology in place to help reduce and minimize the risk of a data breach in the first place," said Symantec's Sean Kopelke.
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