Feeds

Data breach costs soar

Punters desert compromised firms

High performance access to file storage

There's more bad news for chancellor Alistair Darling in the wake of the HMRC data loss fiasco. A study by the US-based Ponemon Institute reckons information security breaches cost $197 per compromised record, compared to $182 per record last year.

Ponemon's third annual Cost of a Data Breach study focuses on the results of data breaches in 35 US organisation during the study period. A report focusing on UK organisations is due out in January.

The study attempts to estimate the cost of legal fees, call centre costs, lost employee productivity, regulatory fines, loss of investor confidence, fees from security consultants and customer losses associated with customer data information security breaches. Ponemon estimates the average cost per incident in the 35 US cases it studied was $6.3m in 2007, compared to $4.8m in 2006. It reckons lost business makes up two-thirds of these estimated losses, or $4.1m per incident in 2007, up 30 per cent on 2006.

Third parties - such as outsourcers, contractors and business partners - were blamed for 40 per cent of the security incidents analysed by Ponemon this year, up from 29 per cent last year. ®

High performance access to file storage

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
German space centre endures cyber attack
Chinese code retrieved but NSA hack not ruled out
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.