Cyber Security: Cost of Data Breaches, PCI Court Challenge, Role of Cyber Insurance and Cyber Attack Update
The Cost of Data Breaches to US Companies At present, every U.S. state has a data breach notification law except for Alabama, Kentucky, New Mexico and South Dakota. A Ponemon Institute study found that: in 2012 data breaches cost companies $188 per record compromised or $5.4 million on average; A plurality of the breaches (41…