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BrandPost: Cost of a breach: Why some global industries are more expensive

Discussion in 'CSO' started by RSS, Sep 27, 2016.

  1. RSS

    RSS New Member Member

    Calculating the costs of data breaches to the organizations victimized is no simple matter. Those costs can include everything from direct expenses for mitigating the attack to lost customers to legal fees and regulatory fines. Once all those variables are taken into account, it’s possible to rank the cost of breaches by industry sector. Sitting at the top of the “most-expensive” list worldwide are two somewhat surprising sectors: healthcare and education.

    This finding was recently published by the Ponemon Institute in a global report on the cost of data breaches. While the average data breach cost across all industries was $158 per lost or stolen record, the average cost per lost healthcare record was $355, and was $246 for each education record lost. At the other end of the spectrum, the average cost of a lost public sector record was just $80, and that of a lost research industry record just $112.

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