Ponemon Breach Study Holds Valuable Lessons
Inadequate response plans and poorly executed procedures caused data breach costs to rise significantly at some businesses, according to the Ponemon Institute. The research firm interviewed more than 1,400 individuals in 277 companies as part of its "2013 Cost of Data Breach Study: Global Analysis." The study, sponsored by Symantec, estimated the costs of data breaches in nine countries. The breach costs varied by region, but Ponemon Institute researchers found a number of common costly errors.