The true cost of corporate data breaches

According to a survey by the Ponemon Institute, sponsored by PGP Corporation and Vontu Inc, the true cost of data breaches in 2006 was $182 per compromised record on average, that is a 31% increase over the 2005 figures. Furthermore, the results of the report, published today, reveal that the total cost of each data breach ranged from less than $1 million to more than $22 million.