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Cost of a Security Breach

There are many types of security breaches. Some attackers want your data. Some want your money. Some want your intellectual property. Others want chaos. Not matter what they want, a breach is going to cost you money. But how much money? IBM has a Cost of Data Breach Calculator . Data records are stolen at a rate of 58/sec. And with an annual average cost of $3.6M per breach that works out to $141 per record. But what about other costs? Yahoo lost $350M in their deal with Verizon because of a data breach. In recent years, three high profile companies were put out of business from security breaches: Code Spaces Nirvanix MyBizHomepage And 60% of small businesses fail within 6 months of a security breach. The cost to recover are high and the damage to reputation can be too. How common are security breaches? Last year 43% of companies had a data breach. While security breaches may be costly, so is preventing them. Worldwide spending on information security product