The average cost of a data breach in the United States is higher than breach costs in Australia, France, Germany and the UK, NetworkWorld reports. The Ponemon Institute's "2009 Annual Study: Global Cost of a Data Breach," published today, found that the average cost of a U.S. data breach was $204 per compromised record, compared with $177 in Germany, $119 in France, $114 in Australia and $98 in the UK, the report states. Senior Ponemon Institute privacy analyst Mike Spinney, CIPP, said the difference is due to the United States' tough data-breach notification laws, which result in higher legal fees and loss of business, among other costs.
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