2/2/2023 0 Comments Avast rootkit quicknooksThe bar graph below illustrates where education companies fit into the global picture for cost of breaches. They are among the lowest-ranked industries for “churn,” which is described as the loss of existing customers. On the other hand, education companies are less likely to lose customers as a result. Researchers protected the identities of the businesses responding to its study.Įducation companies pay considerably more for each lost or stolen record than the average of companies in all industries reporting breaches, which is $154 globally and $217 in the U.S. In the U.S., the cost of handling a data breach is up to $225 per compromised record, the organization found, although only one company provided information about its response to a data breach. For all companies, a 23 percent increase in the total cost of a data breach was reported, compared to 2013. Data breaches are costing companies in education up to $300 per compromised record, making it the second most impacted sector-behind only healthcare-for businesses with lost or stolen records globally, according to research released Wednesday by the Ponemon Institute.įour education companies were included in the study of 350 businesses in 11 countries that experienced data breaches in 2014.
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