ANTenna Blog -- Security

Counting The Cost Of Business Data Theft

Posted by Keith Ferrell Thursday, Sep 6, 2007, 09:18 AM ET

Just how much does it cost to deal with a data theft or resolve a security breach? Insurance company Darwin Professional Underwriters has a free on-line calculator to help you find out.

The Tech 404 Data Loss Cost Calculator breaks out costs by categories -- investigation and attorney fees, notification and crisis management, compliance resolution.

The minimum number of compromised records the calculator will work with is 1,000; affected records can be increased in increments of 500.
Operation is as simple and straightforward as the results are sobering.

Once nice touch is a bit of boilerplate at the bottom of the calclulator where Darwin reminds visitors that the costs calculated there don't include the outcomes of potential class action suits.

Darwin is a bigbiz insurer, but the calculator's tale of the tape is just as instructive to a small or midsize business, as is the company's daily Data Loss Incident report.


Security
Business & E-Business | Finance/Banking/Insurance | IT | Services | Technology/Telecom




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