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.
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