SearchStorage.co.UK Research Library

This Ponemon Institute, LLC benchmark survey explains the actual costs incurred by 35 U.S. organizations that lost confidential information and had a regulatory requirement to publicly notify affected individuals. The survey reveals:

• Trust may be intangible and hard to quantify, but the result of breaking that trust is clear as the cost of lost business grew more than 30 percent since 2006.
• Given both the rise in incidents where third parties are responsible and the widening cost disparity between in-house and third-party breaches, organizations should closely evaluate the enterprise data protection policies and systems used with and by third-party outsourcers or consultants.
• Organizations that have built their brand on trust have more to lose from a data breach - demonstrated by the 21 percent higher costs for financial services compared to an average breach.
• Encryption and data loss prevention solutions top the list of most-frequently named post-breach technology measures being deployed to help avert a future data breach.