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As the frequency and gravity of security breaches has increased
over the past few years, there have been several attempts to estimate
the costs associated with them. The estimates, however, have churned
out vastly different figures, further adding to the confusion. For
example, a U.S. Department of Justice study, published in August
2006, determined that the average loss per incident was $1.5 million.
These calculations conflicted with a 2005 CSI/FBI survey that estimated
the cost to be $167,000. Meanwhile, a 2006 Ponemon Institute survey
figured expenses at $4.8 million per breach, while some CISOs put
the cost to recover from a security incident at $1,000 per hour.
(Khalid Kirk – SearchSecurity.com)
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