On The Insider: Miley Cyrus in Sex and the City 2
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The numbers are staggering. Nearly 220 million electronic records have been breached since January 2005, according to Privacy Rights Clearinghouse (www.privacyrights.org), a non- profit consumer information and advocacy organization. Not only is the number of data thefts and losses due to security breaches continuing to grow at an alarming rate, the resulting monetary impact of these losses is also skyrocketing. So-called 'enterprise data loss' cost businesses nearly $105 billion last year, according to U.S. government estimates. Insider data breaches alone cost businesses an average of $3.4 million per company each year, according to the Ponemon Institute. And industry analyst firm Gartner Group estimates that the cost of recovery can reach $150 per breached record - a number that does not factor in the monetary impact of regaining customer loyalty and rebuilding brand value, potential fines, and legal representation fees.

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Format:PDFSize:274 KB
Date:Apr 2009
Pages:12

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