According to a survey conducted by the Ponemon Institute, it costs $6.6 million on average when an organization suffers a data breach, and more than $200 per compromised record, CNET reports. 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 organization ranged from more than $613,000 per breach to nearly $32 million.
Most of the cost is attributable 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…

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