Costs from data breaches are down, according to a new study by Symantec and the Ponemon Institute.
In 2011, the average cost of a data breach was $5.5 million dollars — a decrease of 24 percent from the previous year. Similarly, the cost per compromised record was $194 dollars per compromised record, CIO.com reports on the study’s results.
The decreases are believed to be partly because of companies stepping up their notification and response processes.
The study’s authors gathered information nearly 50 U.S. companies across 14 different sectors.
This story is part of Federal News Radio’s daily Cybersecurity Update. For more cybersecurity news, click here.
Francis Rose is the host of In Depth, which airs weekdays from 8-10 a.m. on 1500 AM in the Washington, D.C. metro area and online everywhere. Francis has covered all three branches of the federal government as a broadcast journalist since 1998. He joined Federal News Radio in 2006, and launched In Depth in 2008 as a daily show focused on connecting federal executives to the information they need to do their jobs better.