Wednesday, May 27, 2015

Average cost of computer breach for US Based Company is $6.5 Million

The average cost of a computer breach at large companies globally was $3.79 million, a survey released Wednesday found. For U.S.-based companies, the average cost was much higher, $6.5 million.

The survey was conducted by the Ponemon Institute, a security research center, in conjunction with IBM. It surveyed 350 companies in 11 countries that had experienced a data breach, mostly in 2014. In the United States, 62 companies participated in the survey.

"The cost of a data breach, both the total organization cost as well as the cost per compromised record, increased substantially," said Larry Ponemon, chair of the institute. Read more: 

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