cost of security breaches
While security breaches can cost a company dearly when it comes to a marred public image and a loss in customer confidence, the actual financial costs can be staggering.The average security breach can cost a company between $90 and $305 per lost record, according to a new study from Forrester Research.hen employees are diverted from their normal duties, or contractors are hired to respond to data breaches, the company incurs additional expenses, according to Kark, who noted that the Ponemon Institute calculated that this cost had increased 100% in 2006, going from $15 per record in 2005 to $30 per record in 2006.