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US study at a glance
$6.5 million is the average total cost of data breach 11% increase in total cost of data breach
$217 is the average cost per lost or stolen record
8% increase in cost per lost or stolen record
Highlights from the report
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As in the ICO (UK) Data Breach report, healthcare comes number 1 in the charts, this time for the cost of each breach.
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The report is definitely worth spending time reading. It highlights the following points for minimising the cost and impact of security breaches :
- Board-level engagement and CISO leadership
- Employee training
- A relevant and up-to-date incident response plan and team
- Targeted use of encryption
- BCM integration
- Insurance protection
These are the fundamental building blocks of an ISMS (information Security Management System), found in ISO27001, COBIT5 and others.
The Ponemon Institute reportOriginal WordPress publication ↗ · Also published on LinkedIn ↗
Personal commentary. Views are the author’s own.