01Jan, 2014

Market Insights & Security

Cost of data breach report (with Australian Statistics)

Ponemon Institute 2013 Cost of Data Breach report

The 2013 Cost of Data Breach report published by the Ponemon Institute (sponsored by Symantec) reveals some interesting and valuable insight into the real-life cost when a data breach occurs.

The 2013 Cost of Data Breach Study: Global Analysis is based on the actual data breach experiences of 277 companies around the globe and takes into account a wide range of direct and indirect business costs. Country reports are available for the United States, United Kingdom, France, Germany, Italy, India, Japan, Australia, and Brazil (new).

To save you time, we have highlighted the key statistics for Australia.

Australia (amounts shown in AUD)

  • The average cost per compromised record is $141 (up from $138 in 2011)
  • The average total organisational cost was $2,720,000 (up from $2,160,000 in 2011)
  • The average notification cost was $88,000 (up from $76,000 in 2011)
  • The average flow-on cost (ex-post) was $810,000 (up from $470,000 in 2011)
  • The average lost business costs was $780,000 (down from $840,000 in 2011)
  • Australia experienced the highest average number of breached records at 34,249.
  • Australia had the second highest detection and escalation cost of $1,400,000 (up from $770,000 in 2011)
  • Australian businesses experienced second highest customer churn rate of 4.0% after a data breach, second only to France.

The complete Australia report is located here

Global Summary

The full global report is located here

Related Articles

The benefits of mandatory data breach notification laws in Australia

Mandatory data breach notification laws would result in greater security for Australians and improved protection of their sensitive information. And i

Read More

How to survive a data breach

In the past two years, LinkedIn, eHarmony, Twitter, Adobe and, most recently, Target have suffered data breaches that together exposed more than 120 m

Read More

Credit card data discovery tools lay the foundation for good data security

Card Holder Data (CHD) discovery tools are becoming essential in identifying none secure sensitive data locations. Since December 2013, a series of da

Read More