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14 years, 8 months ago
In a previous post, I discussed how much to spend on information security based on Gordon & Loeb's book Managing Cybersecurity Resources: A Cost-Benefit Analysis. The crux: spend no more than 37% of your expected loss.
Now, thanks to a new study by the Ponemon Institute (no relatoin to Pokemon) on the cost of business data breaches we have enough data to come up with a specific number to spend (at least for data breaches). And that number is:
# of data records * $182 * 37%
So there you have it. Go forth and budget.
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