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Data Breaches Cost $1,000 Per Record: Study

NetDiligence reports the average breach affects 3.2 million records; the financial services sector is a top target.

By Tina Orem | Updated on November 04, 2015

Every record compromised in a data breach ends up costing almost $1,000 — and that’s probably on the low end, according to a new study by Gladwyne, Penn.-based risk assessment company NetDiligence.

The study of 160 insurance claims related to data breaches that occurred between 2012 and 2015 found the average breach compromises 3.2 million records, and each record costs $964.31 on average for everything from notifications to legal fees. The report also said financial services was the second-most frequently breached sector (health care was the first).

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Tina Orem

 

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