While it has always been at the forefront of security experts minds, cyber-security has once again been thrust into the limelight with several large data breaches affecting various industries.
Sony, Target, Home Depot and JP Morgan Chase are just some of the high profile companies that experienced data breaches in 2014 & 2015. Unfortunately, there are many others. Until now, however, it was difficult to assess just how costly these breaches can be and what data points are utilized to arrive at cost determination.
We now have a tool that can help answer both questions: The 2015 Cost of Data Breach Study conducted by the Poneman Institute and sponsored by IBM. This study was conducted with the input of 250 companies spanning 11 countries, and analyzed the causes and industries affected by data breaches.
What are the true costs associated with data breaches?
For a quick overview, please see the presentation below, which was given at the Hernando County Chamber of Commerce’s annual Keys to Success business forum on March 22nd. There are also links at the bottom of the page to the Poneman Institute PDF files for more extensive analysis.
