Data Breach Cost Calculator

Formula

The formula to calculate the Total Data Breach Cost (C_total) is:

$C_{total} = (N \cdot C_{record}) + C_{detection} + C_{notification} + C_{post} + C_{lost}$

Where:

$C_{total}$ is the Total Data Breach Cost (units)
$N$ is the Number of Records Compromised (dimensionless)
$C_{record}$ is the Cost per Record (units)
$C_{detection}$ is the Detection and Escalation Costs (units)
$C_{notification}$ is the Notification Costs (units)
$C_{post}$ is the Post-Breach Costs (units)
$C_{lost}$ is the Lost Business Costs (units)

What is a Data Breach?

A data breach is an incident where information is stolen or taken from a system without the knowledge or authorization of the system’s owner. Data breaches can involve personal information, such as social security numbers, credit card numbers, or other sensitive data. These breaches can occur due to various reasons, including hacking, malware, or insider threats. The consequences of a data breach can be severe, leading to financial losses, legal penalties, and damage to an organization’s reputation.

Example Calculation

Let's assume the following values:

Number of Records Compromised (N) = 1000
Cost per Record (C_record) = 150 units
Detection and Escalation Costs (C_detection) = 5000 units
Notification Costs (C_notification) = 2000 units
Post-Breach Costs (C_post) = 3000 units
Lost Business Costs (C_lost) = 10000 units

Using the formula to calculate the Total Data Breach Cost:

$C_{total} = (1000 \cdot 150) + 5000 + 2000 + 3000 + 10000 = 150000 + 5000 + 2000 + 3000 + 10000 = 170000 \text{ units}$

The Total Data Breach Cost is 170000 units.