Cost of data breach increased in 2009 - Ponemon study

You need some more data to convince the CFO why the organization need to spend more towards risk mitigation and why you are asking for an increase in budget allocation? A recent report released by Ponemon institute and PGP should help, they found:

1. An increase in data breach cost per compromised record when compared to 2008
2. Significant spike in legal defense spending when compared to 2008
3. An increase in average total per-incident cost
4. The most expensive data breach event included in the study cost a company nearly $31 million to resolve.