Want to know just how much a data breach is likely to end up costing your
company? Darwin Professional Underwriters Inc. may be able to help. 

The Farmington, Conn.-based technology liability insurance company has
released a free online <http://www.tech-404.com/calculator.html>  calculator
that it said allows businesses to estimate -- with a fair degree of accuracy
-- their financial risk from data theft. 

Darwin's Data Loss Cost Calculator uses proprietary algorithms developed
with security breach data from media reports and other industry resources,
according to the company. Among them was Ponemon Institute LLC's 2006
security breach and cost-analysis survey of 31 companies that had suffered
data breaches. 

Basically, the calculator allows companies to get hard cost estimates in
three major categories: internal investigation expenses, customer
notification/crisis management costs, and regulatory and other compliance
expenses. Companies input data in the respective fields in the calculator to
get instant estimates for costs associated with breach-related activities
such as customer notification, credit monitoring, crisis management
consulting, state or federal fines, and attorney fees. 

 

http://www.tech-404.com/calculator.html

 

Will only work between 1000 and 250000 records.

 

Happy calculating.

 

Peter D Komarkowski

TapeTrack Pty Ltd

 

 

 

 


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