In the recent past, hackers used common devices such as webcams, baby monitors, video recorders etc. infected with software known as Mirai to attack websites of giant institutions like Twitter, Paypal, Netflix etc. Even the websites with massive infrastructure powered by Dyn could not escape threat of DDoS to its Domain Name System. Users could not reach to many websites, including CNN, Wall Street Journal, Amazon.com etc. TOI reported on 23rd October.
Can anyone guess the impact of breached data on monetary terms, i.e. the average cost of ONE breached PHI (Protected Health Information) hard drive?
Although the cost of breached data cannot be estimated, an article on the basis of Ponemon study, sponsored by IBM, cost of one breached record is to the tune of 220 USD. There are about 29000 records in a hard disk. The cost – 7 million Dollar!
EMC Global Data Protection Index shows that the average cost of INDUSTRY DATA LOSS in 2015 was to the tune of 9,14,000 Dollar for 2.36 Terabytes.
According to financial filings (March 3, 2016, HIPAA Journal), it is reported that Excellus BlueCross BlueShield data breach has reached to the tune of 17.3 million Dollar.
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