Bangalore: Indian companies lose over 6 crore annually to data breaches resulting from system glitches, human errors and malicious attacks, security software maker Symantec said.

A study done by Ponemon Institute for Symantec found that on an average it costs Indian organizations 2,271 for each lost or stolen record, up eight per cent over last year.

The US and Germany incur the most costly data breaches at an average cost per compromised record of $ 188 and $ 199, respectively, it said.

These two countries also had the highest total cost per data breach -- the US at $ 5.4 million and Germany at $ 4.8 million.

A record refers to an individual's personal information that has been compromised in a data breach and regulations require notification of the breach.

"The average total organizational cost of data breach also increased from 5.35 crore to 6.04 crore. This represents a 12 per cent increase from last year," it said.

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