Study Shows: Data Breach Costs Exceed $200 Per Customer Record

A recent article in NetworkWorld (link: http://www.networkworld.com/news/2010/012510-data-breach-costs.html) discusses a new study which has revealed that the average cost to a company suffering from a data breach in 2009 has risen to approximately $204 for each customer record compromised.

Placing such concrete numbers on the costs associated with data breached underscores both the potentially devastating effects of such a data breach on a company and highlights the cost-effectiveness of solid data protection, privacy protection, and data security policies and procedures.