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Data breaches cost business £700bn in 2008

Discussion in 'News' started by wagnerk, Jan 29, 2009.

  1. wagnerk
    Highly Decorated Member Award

    wagnerk aka kitkatninja Moderator


    Data breaches cost business £700bn in 2008

    Data breaches cost the world's companies an estimated £700bn in 2008, according to a study on information economies by security firm McAfee.

    The estimate is based on a survey of more than 800 IT decision makers in the UK, US, Germany, Japan, China, India, Brazil and Dubai.

    Those surveyed put combined losses in 2008 at £3.2bn worth of intellectual property and said they had spent around £421m repairing damage from data breaches.

    Read the whole article here.

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