TAX • AUDIT • ADVISORY • INSURANCE • HEALTHCARE • INTERNATIONAL

2015 Cost of Data Breach Study: United States Ponemon Institute, May 2015

bswllc.com/cybersecurity-resources • 1.888.279.2792

$

!

$

!

32% system glitches/IT and business process failurescriminal

attacks

49%

19% negligentemployees

How Much Could a Breach Cost Your Company?

Data Breach Costs

In 2015:

$29

$3.32M $3.72M

IncreasedRisk Factors

Average detection & escalation costs grew, too:

Lost business increased from

3%Compromisedcompanies

lost

oftheircustomers

Malicious or Criminal Attacks Third Party Errors

Dedicate a team to be prepared for a breach

Particularly cyber insurance

Incident Response Plan

Business ContinuityManagement Involvement

InsuranceProtection

$23.80per record

$13.60per record

$7.90per record

Saves Saves Saves

$230

$217average cost per record

8%since 2014

Most costly & most common type of incident Increase cost by:

11%since 2014

$6.53Maverage cost per company

per record

Increased customer acquisition activities

$420Kin 2014

$620Kin 2015

From To

average cost per record

Can You Do

So What

toPrepare?

All-Time High are at an

Reputation losses

Diminishedgood will

Abnormal turnover of customers

Due to:

Incidents Include:

Brown Smith Wallace LLP

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