Data Breaches of eCommerce Retailers Cost $172 Per Record

“If your small business hasn’t been “hacked,” it can be difficult to quantify the potential impact of cyber crime.

True the impact of a cyber-crime committed against your small business can range from simply annoying to potentially crippling. But in the end, the question remains whether a way exists to measure that impact in dollars and cents?

Well, new data from cyber security software provider Symantec and eCommerce platform BigCommerce reveals the true cost of a hack on an eCommerce retailer. According to that data, the cost of a data breach to an eCommerce retailer is now $172 per record.”

Read more details here.

Author: Joshua Sophy