The financial costs of losing corporate data

Evault_Dataloss_Survey.jpg

Nearly half, 45%, of UK organisations have suffered some form of data loss in the preceding 12 months, research by EVault in association with Computer Weekly reveals. Some 7% have reported four or five incidents during the year.

Dealing with such data issues has cost UK businesses an average of £34m, equivalent to 3% of revenue, while ongoing effects have been a reduction in employee productivity (44%), loss of customer confidence or loyalty (32%) and delays in developing a new product or service (23%).

You can download the full report here.

Enhanced by Zemanta

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close