FindLaw columnist Eric Sinrod writes regularly in this section on legal developments surrounding technology and the internet.
What has been suspected now has been confirmed - the cost of data breaches is substantial. Indeed, a report titled "2009 Annual Study: Global Cost of Data Breach" shines a very bright light on the actual cost of activities stemming from more than 100 breach incidents across multiple industry sectors, numerous organizations, and a handful of different countries. The average global total cost of each data breach in 2009 was $3.43 million, with an average cost of $142 per affected record. And here in the United States, the average total cost per breach was a staggering $6.75 million, with an average cost of $204 per affected record.