The average cost incurred for each lost or stolen record containing sensitive and confidential information increased 6% this year compared with 2014, from a consolidated average of $145 to $154, according to a new report from Ponemon Institute that was sponsored by IBM.
The annual Cost of Data Breach Study: Global Analysis, surveyed 350 companies in 11 countries, and showed that the average consolidated total cost of a data breach is $3.8 million The healthcare industry had the highest cost per stolen record, with an average cost of $363. Retailers have seen their average cost per stolen record rise dramatically from $105 last year to $165 in this year’s study.
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