Average cost of a data breach in 2008 grew to $202 per record, Ponemon Study Says

DarkREADING: Data Breach Costs Rose Significantly In 2008, Ponemon Study Says. Companies report average loss of $6.6 million per breach, study says.

The average cost of a data breach in 2008 grew to $202 per record compromised, an increase of 2.5 percent since 2007 ($197 per record) and 11 percent compared to 2006 ($182 per record), according to the study. The average total cost per reporting company was more than $6.6 million per breach -- up from $6.3 million in 2007 and $4.7 million in 2006 -- and ranged from $613,000 to almost $32 million.

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