April 25, 2024 2:39 am
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Arizona has lost $1B from data breaches since 2005

By Jerod MacDonald-Evoy  | Arizona Mirror

Researchers say data breaches have cost Arizona an estimated $1.6 billion since 2005. Across the entire nation, more than 11 billion records have been exposed by more than 12,000 data breaches since 2005, according to CompariTech.

The average cost of each stolen record is $150, a study by IBM found, which examined how companies react to data breaches. 

This means that the United States has lost roughly $1.66 trillion dollars from data breaches since 2005, with $1.6 billion of that coming from Arizona. 

Arizona has had 181 data breaches in the last 15 years, resulting in a total of 10.9 million records being either lost or stolen.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.