The Ponemon Institute collected direct expenses (engaging experts,
providing hotline support, offering free credit monitoring or discounts)
and indirect expenses (in-house investigations and communication, as
well as the extrapolated value of customer loss) to calculate data
breach cost. The survey of 419 companies across 11 countries found the
following:
- The average total cost of a data breach decreased from $4.00 to $3.62 million.
- The
average cost for each lost or stolen record containing sensitive and
confidential information also decreased from $158 in 2016 to $141. A
large contributor to this decline in cost was the strong U.S. dollar.
Approximately $8 (48 percent) of this decline can be attributed to
currency rate fluctuation.
- The average size of the data breaches in the research increased 1.8 percent.
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--
Peterk
Dallas, Tx
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