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data-leakers-suffer-8-percent-drop-in-revenue

Posted by: admin 15 years, 3 months ago

Computer World has an article about a recent study by the IT Policy Compliance Group which offers some interesting data points:

  • Organisations that experience publicly reported data breaches suffer an 8% loss of revenue.
  • Compounding the revenue and customer losses are additional expenses averaging US$100 per lost or stolen customer record to notify customers and restore data.
  • Best-in-class organisations are monitoring and measuring controls and procedures to protect sensitive data once a week, while most firms are conducting such measurements only about once every 176 days.
The full report is only available to members, which is too bad. It would be nice to see how many data points they had, etc to compare it to other studies that have analyzed the economic impact of security breaches. If any body has mroe info, please post in the comments!

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