Cost of hack attacks soars

Monday, 23 October 2006, 5:01 PM EST

There has been a sharp rise in the financial impact of hack attacks, with new estimates putting the average cost of a data breach at $182 per compromised record.

The figures, published in 'Ponemon 2006 Annual Study: Cost of a Data Breach', represent a 31 per cent increase over 2005. Analyst firm the Ponemon Institute analysed 31 different incidents for the study, which found that total costs for each hack attack ranged from less than $1m to more than $22m.

At vnunet.

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