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 Datagate: The Next Inevitable Corporate Disaster?


 

McAfee and Datamonitor Go Behind the Headlines to Assess the Impact of Data Loss

Data leakage. More than 60 percent of respondents interviewed in a ground-breaking survey conducted by Datamonitor have experienced it within the last year, and 33 percent believe it could put them out of business. They rate loss of intellectual property and financial information as the two most valuable classes of data-with the average estimated cost of leaked financial data reaching $1.68 million. Could it be the next disaster that sweeps the global business landscape? It is a momentous time for large organizations all over the world. And with increasing pressure to stay compliant, enterprises need to start taking precautions immediately.

  • A data breach that exposes personal information could cost companies an average of $268,000 to inform their customers—even if the lost data is never used
  • Sixty-one percent of respondents think that data leakage is the doing of insiders, and 23 percent believe those leaks are malicious
  • Nearly half (46 percent) of respondents said they do not debrief or monitor employees after they have given notice that they are leaving the company
  • Only 23 percent of respondents were able to estimate the total annual cost of data leakage; the remaining 77 percent were unable to provide an assessment or quantify the costs.
  • The average annual cost of data leakage was $1.82 million