Sales
0161 215 3700
0800 458 4545
Support
0800 230 0032
0161 215 3711
Fast Chat

Welcome to UKFast, do you have a question? Our hosting experts have the answers.

Sarah Wilson UKFast | Account Manager

Data breaches cost $6.6 million on average, survey finds

Data breaches cost $6.6 million on average, survey finds

It costs $6.6 million on average when an organization suffers a data breach, and more than $200 per compromised record, according to a survey conducted by the Ponemon Institute that's due to be released on Monday.

The report, sponsored by PGP Corp., examined the costs incurred by 43 organizations that experienced a data breach. Breaches ranged as high as 113,000 records and the average total cost per company ranged from more than $613,000 per breach to nearly $32 million.

Most of the cost is due to lost business, which averaged nearly $4.6 million, the report found.

Forty-four percent of the organizations surveyed reported a breach by a third party, such as a contractor or outsourcer, and more than 88 percent of all cases this year involved incidents resulting from insider negligence, according to the study.

Last week McAfee estimated that cybercrime costs corporations $1 trillion globally each year.

No responsibility can be taken for the content of external Internet sites.


print this article

Return to internet news headlines
View Internet News Archive

Share with: