Ouch! Lack of Hardened Security can get Expensive

It's costing more and more to lose data, according to a survey of companies that recently experienced customer data loss. Can you afford $182 for each name that seeps through your security? Get the scoop on the report from SearchSecurity.com here.

Here's an excerpt:

Data breaches cost companies an average of $182 per compromised record, a 31% increase over 2005, according to the survey conducted by the Elk Rapids, Mich.-based Ponemon Institute.

Ponemon studied 31 companies that experienced a data breach. The total costs for each loss ranged from less than $1 million to more than $22 million, according to the 2006 findings.

Read the complete report here.