Cyber is all about assurance and risk management
Daljitt is Chairman of the Cyber Risk and Insurance Forum. You can contact him HERE!
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This Ponemon Institute study examines the costs incurred by 36 UK companies in 11 different industry sectors after those companies experienced the loss or theft of protected personal data and then had to notify breach victims as required by law. Results were not hypothetical responses; they represent real cost estimates for activities resulting from actual data loss incidents.
The number of breached records per incident this year ranged from approximately 3,500 records to more than 78,000 records.
In this the the fifth annual benchmark study concerning the cost of data breach incidents for UK-based companies and which was supported by Symantec, the average per capita cost of a data breach has increased from £71 to £79.