Tag Archives: Poneomon Institute
On Friday June 10th USA Today’s front page had an article about companies being required to report data breaches entitled: Citigroup latest to report data breach.
This was on the heels of Citigroup’s acknowledgement a day earlier on a major data breach of customer account information that occurred. Thus far in 2011, there have been 251 reported data breaches, which is on track to meet or exceed last year’s total of 597 data breaches. The article went on to reference a recent survey by Symantec and the Ponemon Institute which included 51 data breaches and indicated that each data breach costs an average of $7.2 million, and the costs continue to climb. (more…)