A "Breach-Math" Example
Normally, C-level people don't scan Billboard magazine looking for information about data security. Let alone searching for useful data to support potential breach costs for their firms. (Unless they are "in the business" of course. But, do yourun a record label?)
Today, though, we'd point you to the Billboardstory of how a "Law Firm Launches $6.5 Million Action Against Ticketmaster Over Data Breach..."
Here at Cyber-Armada, we pay very close attention to such stories because they reveal trends in "breach costs."
In this particular case, the breach "affected up to 40,000 U.K. customers."
It doesn't take an MBA to push out what this means: Cost of the breach could be $162.50 in round numbers.
This is right "in the zone" in terms of cost-per-customer claims for personal credit information (PCI). However, were this didn't involve a ticket business, and instead has been a medical company breach, odds are the cost-per-customer could be more than double that - over $300 per data record.
To schedule a free analysis of your firm's data breach exposures (along with other security risks) talk to your Cyber-Armadapresentative today.
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