THE MAGAZINE

Data Breach Costs

German companies surveyed by the Ponemon Institute spent an average of $3.2 million per data breach event in 2008 compared with $2.5 million in the U.K. and $6.6 million in the United States (each country was surveyed in separate studies). Incidents have led to increased public demand for data protection, notes Ponemon; some governments have responded with measures, such as breach notification laws, though the U.K. and Germany have yet to adopt that approach.


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