Store 6000+ Records & Breach Costs Will Exceed Security Outlay: Report

The financial fallout from a data breach exceeds the cost of implementing cybersecurity measures for organizations storing just 6000 records or more, according to new research from NCC Group seen exclusively by Infosecurity.

The cybersecurity consultancy made its calculations based on SANS Institute figures from its Budgeting Critical Security Controls document — which include the cost of operational security, IT staff and external consultancy fees for a year — plus Ponemon Institute figures which claim average UK breach costs are £120 per record.  more

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