Regulations' Impact on Data Breach Costs: Analyzing Latest Ponemon/Symantec Cost of Data Breach Study
Regulations initially cause organizations to spend more funds on data breaches, but eventually those rules could save enterprises money, the Ponemon Institute's Larry Ponemon says in analyzing his latest study on breach costs. The 2013 Cost of Data Breach Study, which the institute conducted for IT security provider Symantec, pegs the average global cost of a data breach at $136 a record in 2012, up $6 from in 2011. The study estimated the breach cost per record in the United States averaged $188 in 2012, down from $194 in 2011. The study, issued earlier this month, says human errors and system problems caused about two-thirds of data breaches, and that contributed to the worldwide increase in costs.