According to a study released in 2010 by Symantec and Ponemon Institute, this is the fifth year in a row that data breach costs have continued to raise. The previous average was $6.8 million in 2009 with a average cost of $204/record. The cost per record in 2010 is estimated at $214/record.
So what is the biggest contributor to the high cost?
Customer turnover. Data breaches will rob your company of customer confidence, which leads to turnover. Reinforce confidence in your company’s IT security by allowing Continuum to protect what matters to your business.