US study at a glance
$6.5 million is the average total cost of data breach 11% increase in total cost of data breach
$217 is the average cost per lost or stolen record
8% increase in cost per lost or stolen record
Highlights from the report
As in the ICO (UK) Data Breach report, healthcare comes number 1 in the charts, this time for the cost of each breach.
The report is definitely worth spending time reading. It highlights the following points for minimising the cost and impact of security breaches :
- Board-level engagement and CISO leadership
- Employee training
- A relevant and up-to-date incident response plan and team
- Targeted use of encryption
- BCM integration
- Insurance protection
These are the fundamental building blocks of an ISMS (information Security Management System), found in ISO27001, COBIT5 and others.