Securing the Clicks Network Security in the Age of Social Media

Case Study: Calculating the Cost of Data Loss

Regulations require many industries to report data loss, especially for healthcare and financial services. If you want to track the latest reported incidents, a collection of incidents can be found at DataLossDB (www.datalossdb.com). The publicly known incidents tracked by the database can be used as an example of what it might cost you in the event of a data loss. As you can see in Figure 9-2, some recent examples of data breaches are listed, the most recent being Dean Health Systems at St. Mary’s Hospital (Madison, Wisconsin), where a doctor’s laptop with 3,288 patient records was stolen from his home. The Hospital now has to incur the costs of responding to the incident and determine the costs ...