The cost of a lost record
Jun 29th, 2012 by Jesper Kråkhede
One of my favourite sites to visit is DatalossDB. Just recently a new loss was posted. This time it was Yahoo who lost 453 493 email addresses and passwords. The total cost, as calculated by Ponemon Institute, is $27 209 520! This makes a cost of $60 per record. That figure is used as a general figure on how much a breach of personal data costs per record. So any company with 1M customers could face costs for $60M in case of a breach. Changes the perception of that security is not allowed to cost, doesn’t it?