Report: Average cost per record breached is 58 cents, discovery times are down
According to the Verizon data breach investigations report released today, the average cost per breached data record is 58 cents.
That’s a far cry from other estimates that put the average per-record loss at around $200.
The reason? It turns out that the relationship between the number of records lost and the total cost of the breach is logarithmic, not linear, and other models deal with this issue by excluding breaches that fall at the extremes.
“The median range, with 10,000 records lost, ranges in a per-record cost between $1 and $100,” said Jay Jacobs, a senior analyst in Verizon’s RISK Team.