Tag Archives: remediation costs

The Cost of a Data Breach

In 2014, the Ponemon Institute published the 2014 Cost of Data Breach Study that includes interesting cost information related to remediation efforts undertaken by 61 companies that operate in the United States. The study reports that the average remediation cost for each lost or stolen record containing confidential or sensitive information was $201.  The average total cost of remediation efforts was $5.85 million per incident. The number of breached records per incident studied ranged from 5,000 to slightly more than 100,000 records.  The average number of breached records in the Study was 29,087.  The average cost of $201 per record …