Average Cost Per Stolen Record
According to Ponemon's study, of the 80 organizations analyzed, there was an average of 2,769 lost or stolen records per breach. Ponemon estimates the average cost per one lost or stolen record is $194. "Only one data breach could have an economic impact of about $537,186," the firm said. Larry Ponemon, founder and president of the Ponemon Institute, said the average cost to the healthcare industry could potentially be as high as $7 billion annually.