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Malicious and Criminal Attacks are the Most Costly Worldwide
MOUNTAIN VIEW, Calif. – June 5, 2013 – /BackupReview.info/ — Symantec Corp. (Nasdaq: SYMC) and the Ponemon Institute today released the2013 Cost of Data Breach Study: Global Analysis which reveals human errors and system problems caused two-thirds of data breaches in 2012 and pushed the global average to $136¹ per record . Issues included employee mishandling of confidential data, lack of system controls, and violations of industry and government regulations. Heavily regulated fields including healthcare, finance and pharmaceutical incurred breach costs 70 percent higher than other industries.
The global cost per compromised customer record was up over the previous year, and the United States total cost per data breach incident was down slightly at $5.4 million. This decline was attributed to the appointment of chief information security officers (CISOs) with enterprise-wide responsibilities, comprehensive incident response plans, and stronger overall security programs.
Click to Tweet: 2013 Cost of a Data Breach Study: Mistakes by people & systems caused most data breaches last year: http://bit.ly/14gaIRR
“While external attackers and their evolving methods pose a great threat to companies, the dangers associated with the insider threat can be equally destructive and insidious,” said Larry Ponemon, chairman, Ponemon Institute. “Eight years of research on data breach costs has shown employee behavior to be one of the most pressing issues facing organizations today, up 22 percent since the first survey.”
“Given organizations with strong security postures and incident response plans experienced breach costs 20 percent less than others, the importance of a well-coordinated, holistic approach is clear,” said Anil Chakravarthy, executive vice president of the Information Security Group, Symantec. “Companies must protect their customers’ sensitive information no matter where it resides, be it on a PC, mobile device, corporate network or data center.”
The eighth annual global report is based on the actual data breach experiences of 277 companies in nine countries including the United States, United Kingdom, France, Germany, Italy, India, Japan, Australia, and Brazil. The nine country and global summary reports can be found at http://bit.ly/10FjDik. All of the data breach incidents studied in the reports occurred in the 2012 calendar year. In order to properly track trend data, the Ponemon Institute does not include “mega data breaches” of more than 100,000 compromised records.
Companies can analyze their own risk by visiting Symantec’s Data Breach Risk Calculator which takes the organization’s size, industry, location and security practices into consideration for both a per record and an organizational estimate.
Additional key findings include:
Symantec recommends the following best practices to prevent a data breach and reduce costs in the event of one:
Note to Editors: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
[¹] The Ponemon Institute considers customer or consumer data (including payment transactional information), employee records, citizen, patient and student information as a data record. The cost per record is the average cost per compromised data record of direct and indirect expenses incurred by the organization.
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