Negligence most common cause of data breaches – study


9 Mar 2011 0 Shares

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Negligence is mostly to blame for breaches of data at organisations, costing them an average of US$7.2m, a new study suggests.

The average cost per record came to US$214, an increase of US$10 from the previous year, the 2010 Annual Study: U.S. Cost of a Data Breach reveals.

The most common threat is negligence, at 41pc of all breaches, the study shows.

The costs associated with a breach involve several elements:

  • detecting the incident
  • investigation
  • forensics
  • customer notification
  • paying for identity-protection services for victims
  • business disruption
  • productivity losses

Thirty-one per cent of all breaches fall under the fastest-growing category, malice or crime. Malicious or criminal attacks also cost organisations dearly. The most expensive breach reported in the study was US$35.3m, and the least expensive came in at US$780,000.

The Ponemon Institute conducted the study, sponsored by Symantec, and is based on data supplied by 51 US companies across 15 industry sectors.

You May Also Like

You May Also Like

BOOK NOW: Inspirefest 2015

SUBSCRIBE TO OUR E-ZINE

  • Simply pop in your email to get a Monday morning email with all the must-read content from Siliconrepublic.com

More from Business

Latest News