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How much does a data breach cost UK companies?
From: security curmudgeon <jericho () attrition org>
Date: Mon, 25 Feb 2008 09:45:29 +0000 (UTC)
---------- Forwarded message ---------- From: InfoSec News <alerts () infosecnews org> http://www.theregister.co.uk/2008/02/25/data_breach_real_cost/ By John Oates The Register 25th February 2008 Data breaches cost UK companies an average of 47 for every record lost. This means the average cost to a company which suffers a data breach is 1.4m. The Ponemon Institute isn't pulling these figures out of the ether - it talked to 21 UK companies about how much actual data breaches cost them.
From a total of 47 per record, the cost from lost business in the wake of
a data disaster is 36 per cent or 17. Financial services companies are particularly at risk - their average costs per record are 55. Customer expectations of trust mean they also suffer a higher cost of lost business. Phillip Dunkelberger, CEO at PGP Corporation, told The Reg: "Companies are increasingly waking up to the real cost of data losses, especially the cost of losing customers. It is a serious global problem with no easy answers." [..] _______________________________________________ Dataloss Mailing List (dataloss () attrition org) http://attrition.org/dataloss Tenable Network Security offers data leakage and compliance monitoring solutions for large and small networks. Scan your network and monitor your traffic to find the data needing protection before it leaks out! http://www.tenablesecurity.com/products/compliance.shtml
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- How much does a data breach cost UK companies? security curmudgeon (Feb 25)