Costs Of Data Breaches Much Higher In U.S. Than In Other Countries, Study Says - compliance/Security - DarkReading

Considering the substantial costs that companies could pay for a data breach, isn’t it worth a little investment up front to make sure that never happens?

A data breach in the United States could cost enterprises twice as much as the same breach costs companies in other countries with less stringent disclosure and notification laws, according to a study published today….

“The overarching conclusion from this study is the staggering impact that regulation has on escalating the cost of a data breach,” says Larry Ponemon, chairman and founder of The Ponemon Institute. “The U.S. figures are testament to this, and it’s clear that as breach notification laws are introduced across the rest of the world, other countries will follow the same pattern, and costs will rise.”

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