Data breaches cost UK firms £64 per file lost
February 2, 2010
Data breaches in 2009 cost UK firms an average of £64 for every record lost, research has claimed.
The study, conducted by the Ponemon Institute on behalf of encryption software vendor PGP, also revealed that data breaches cost UK firms seven per cent more last year than in 2008.
Dr. Larry Ponemon, chairman and founder of The Ponemon Institute, said: “This study shows that the financial impact of data breaches is hitting UK organisations harder and harder each year.”
The study’s findings are based on the costs accrued by 33 firms during real-life data loss incidents between May 2009 and January 2010.
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