A survey from IBM Security looked into the financial impact of data violations in companies considering several cost drivers, including technical investigations, recovery, notifications, legal and regulatory activities, costs with loss of business and reputation. According to the survey, as a general rule, hidden costs with data violations – such as loss of business, adverse impact on reputation and time spent by employees with recovery – are difficult and expensive to manage. Healthcare organizations had the highest costs associated with data violations – US$ 408 per lost or stolen entry – almost three times more than the average of other sectors (US$ 148).
Complete News about the study here.
*Coauthor: Vitor Rodolfo Koketu da Cunha