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Evaluating a Storage Security Solution |
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Decru, a NetApp Company
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As you analyze your protection strategies, you'll also need to consider what a breach could cost your organization. Ultimately, the value you assign to this will depend on your business and the legislation that applies to your organization. Recent studies by Gartner and other research organizations estimate the cost of a breach at roughly $90 per customer record compromised, including notification costs, credit reporting services and administrative time.
There are many other costs that may apply, depending on the nature of your business:
Criminal or civil penalties enforced by the courts
Legal costs required to defend the company in such cases
Brand damage
Loss of customers, or at a minimum, customer trust
Loss of trade secrets or other intellectual property made public or falling into competitors hands Traditionally, decisions regarding the amount of security for data were based on a pretty simple assessment -- if the cost to my adversary to breach the data was higher than the data's worth, then it didn't make sense to apply the protection. However, with the myriad legislation that requires organizations to protect their customer data, this dynamic has changed drastically. The actual value of the data itself could be dwarfed by the cost of penalties enforced upon your organization. In general, identifying the general cost of a breach can help you justify a reasonable budget to put defensive measures in place to prevent it.
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