Data breach costs top $200 per customer record

Ellen Messmer reports:

The cost of a data breach increased last year to $204 per compromised customer record, according to the Ponemon Institute’s annual study. The average total cost of a data breach rose from $6.65 million in 2008 to $6.75 million in 2009.

Ponemon Institute based its estimates on data from 45 companies that publicly acknowledged a breach of sensitive customer data last year and were willing to discuss it.

Breach costs increased just $2 per compromised customer record, as compared to 2008 costs. However in the five years that Ponemon Institute has conducted its study, costs have increased from $138 per compromised customer record.

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