Average data breach costs companies $5 million.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      PGP Inc. 107050155
    • Subject Terms:
      KRCIK, Andrew
    • Abstract:
      The article reports on the study conducted by the Poneman Institute, which states that U.S. companies spent $5 million on average, and 30 percent more in 2006 than in 2005. Sources say that it is due to the effort of recovering when corporate data was lost or stolen. The survey also shows that the main culprit for data loss in 49 percent of the cases is a lost or stolen laptop, desktop, PDA or thumb drive. According to Andrew Krcik, vice president of marketing for PGP Inc., one of the sponsors of the survey with Vontu, companies are not seeing the true costs, and the true value of preventative measures.