The 2015 Cost of Data Breach Study by the Ponemon Institute highlights that the average cost of a data breach in the U.S. is $3.32 million, with costs per record escalating to $230. Common causes of data breaches include criminal attacks at 49%, system glitches at 32%, and negligence by employees at 19%. The report emphasizes the importance of having a dedicated incident response team and cyber insurance to mitigate financial losses.

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2015 Cost of Data Breach Study: United States Ponemon Institute, May 2015
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$
!
$
!
32%
system glitches/
IT and business
process failurescriminal
attacks
49%
19%
negligent
employees
How Much Could a Breach Cost Your Company?
Data Breach Costs
In 2015:
$
29
$
3.32M $
3.72M
Increased
Risk Factors
Average detection & escalation costs grew, too:
Lost business increased from
3%Compromised
companies
lost
of
their
customers
Malicious or Criminal Attacks Third Party Errors
Dedicate a team to be
prepared for a breach
Particularly
cyber insurance
Incident
Response Plan
Business
Continuity
Management
Involvement
Insurance
Protection
$
23.80per record
$
13.60per record
$
7.90per record
Saves Saves Saves
$
230
$
217average cost per record
8%
since 2014
Most costly & most common type of incident Increase cost by:
11%
since 2014
$
6.53Maverage cost per company
per record
Increased customer
acquisition activities
$
420Kin 2014
$
620Kin 2015
From To
average cost per record
Can You Do
So
What
to
Prepare?
All-Time Highare at an
Reputation
losses
Diminished
good will
Abnormal turnover
of customers
Due to:
Incidents Include:
Brown Smith Wallace LLP
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