The average cost of a data breach dips in 2010 to 2011
The average cost of data breach has been on an upward trajectory since 2005, but dipped 24 percent, from $7.2 million per event in 2010 to $5.5 million in 2011, according to Symantec's Ponemon Institute.
The latest benchmark study by Ponemon Institute, sponsored by ID Experts®, finds that data breaches of patient information cost healthcare organizations nearly $6 billion annually, and that many breaches go undetected.