Mountain View, California – Symantec corporation in association with Ponemon released “2013 Cost of Data Breach Study: Global Analysis” that disclosed discovery of Data breaches in 2012 which were happened due to human errors and system problems resulting into average cost of $136 per record. The issues revealed in this reports were mistreatment of confidential data, absence of system control, and infringement of industry and government rules. The report is based on analysis of 277 companies including countries like United States, United Kingdom, France, Germany, Italy, India, Japan, Australia, and Brazil.
The top most industries like healthcare, finance, and pharmaceutical who have incurred 70% breach costs higher than any other industries. Around 62% employees were unaware about the fact to transfer corporate data on to personal devices and they did not delete those data after use of it. Two countries United States with $5.4 million and Germany with $4.8 million recorded maximum total cost per data breach.
From this report, Symantec advises some steps to avoid data breach, which includes the followings:
- Educate employee
- Technology regarding data loss prevention must be used
- Implement Encryption with strong authentication solutions
- Plan an incident response plan about consumer notification
Even Symantec has developed a tool named “Data Breach Calculator” is based on industry type to help you in deciding the cost per data breach. It will provide you systematic question with options and finally show you approx. cost per data breach.
Image Courtesy: Symantec.com
