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The Savvy Online Consumer

Understanding the High Cost of Data Breach

By Rich Johnson on October 28th, 2010 • 1 comment

Data breaches continue to cost organizations and companies millions every year. The 2009 Ponemon Institute benchmark study reported the average organizational cost of a data breach grew from $6.65 million in 2008 to $6.75 million in 2009. The least expensive total cost of a data breach for a company was found to be $749,645. Cyber security has become sine qua non.

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