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Cost slides

  1. 1. Just the facts<br />How much will a data security breach cost my company?<br />©Gazzang, Inc. 2011<br />
  2. 2. Overview<br />These slides are a compilation of useful, interesting, and scary facts about data security breaches. They outline what the research shows are the actual dollar costs related to a data breach, as well as consider some insight into non-quantifiable costs you may or may not have considered. <br />7/18/2011<br />
  3. 3. Facts<br />Average cost of a data breach is $7.2 million - up 7% from 2009<br />Average cost per record is $214 - up 5% from 2009<br />Small businesses with between 11-100 employees are the overwhelming majority of attacks<br />Data shows the cost of a breach is directly related to the company’s attitude toward IT security and implementation of best practices<br />7/18/2011<br />
  4. 4. Facts<br />96% of hacks were avoidable with minor tweaks to controls or little added security<br />$4.5 million of the total costs are related to lost revenue, over 62%<br />92% of data breaches were initiated externally<br />17% of breaches involved an insiders<br />7/18/2011<br />
  5. 5. Facts<br />The US Secret Service investigated more than 760 breaches in 2010<br />76% of compromised data was taken from servers<br />89% subject to PCI regulations were not in compliance at the time of the hack<br />Cost of non-compliance is 2.65x higher than compliance<br />7/18/2011<br />
  6. 6. Facts<br />7/18/2011<br />
  7. 7. Sources<br />The information comes from two sources. <br />The Ponemon Institute seems to be the accepted authority in the data security space. <br />Another interesting study is the Verizon Data Breach Investigations Report. <br />7/18/2011<br />
  8. 8. Contact Information / Resources<br />White Paper<br />More about Gazzang- www.gazzang.com<br />For more information - info@gazzang.com<br />7/18/2011<br />

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