For Security & Risk Professionals (Length: 7 pages)

April 10, 2007

Calculating The Cost Of A Security Breach

by Khalid Kark

with Paul Stamp, Jonathan Penn, Alissa Dill

Executive Summary (This is a document excerpt)

Trying to determine the cost of a data breach is no easy task. After calculating the expenses of legal fees, call centers, lost employee productivity, regulatory fines, stock plummets, and customer losses, it can be dizzying, if not impossible, to come up with a true number. In reality, there are many different factors that should be part of the data breach cost calculation — and it's more than just losing money. Although studies may not be able to determine the exact cost of a security breach in your organization, the loss of sensitive data can have a crippling impact on an organization's bottom line, especially if it is ill-prepared, and it's important to be able to make an educated estimate of its cost.

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