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Just the factsHow much will a data security breach cost my company?
©Gazzang, Inc. 2011
Overview
These slides are a compilation of useful, interesting, and scary facts about data security
breaches. They outline what the research shows are the actual dollar costs related to a data breach, as well as consider some insight into non-quantifiable costs you may or may
not have considered.
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Facts
• Average cost of a data breach is $7.2 million - up 7% from 2009
• Average cost per record is $214 - up 5% from 2009• Small businesses with between 11-100 employees
are the overwhelming majority of attacks• Data shows the cost of a breach is directly related
to the company’s attitude toward IT security and implementation of best practices
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Facts
• 96% of hacks were avoidable with minor tweaks to controls or little added security
• $4.5 million of the total costs are related to lost revenue, over 62%
• 92% of data breaches were initiated externally• 17% of breaches involved an insiders
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Facts
• The US Secret Service investigated more than 760 breaches in 2010
• 76% of compromised data was taken from servers• 89% subject to PCI regulations were not in
compliance at the time of the hack• Cost of non-compliance is 2.65x higher than
compliance
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Facts
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Sources
The information comes from two sources. • The Ponemon Institute seems to be the accepted
authority in the data security space. • Another interesting study is the
Verizon Data Breach Investigations Report.
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Contact Information / Resources
White Paper
More about Gazzang - www.gazzang.com
For more information - [email protected]
04/10/2023
