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Data breaches 9% more costly in 2013 than year before

Ellen Messmer | May 5, 2014
It cost U.S. companies hit by data breaches last year an average of $5.4 million to cope with the after-effects – up 9% from the year before, according to the ninth annual Ponemon Institute study published Monday.

Malicious and criminal attacks are cited most frequently as the root cause for data breaches globally, comprising 42% of incidents, while 30% were blamed on a negligent employee or contractor, and 29% on "system glitches" related to both technology and business process failures. In the U.S. (see chart) this was roughly the pattern as well.

Data breaches resulting from malicious or criminal attacks on U.S. companies led to higher costs, at $246 per compromised record on average, in comparison to $171 for a "system glitch" and $160 for "human error."

 

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