One in three IT professionals fears a major data security breach – accidental or malicious – could put them out of business, research conducted by Datamonitor for security firm McAfee has found.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
The survey of 1,400 IT professionals from companies with more than 250 employees also found that 60% had experienced a data breach in the past year, but that the average spend on data security was just 0.5% of overall IT budgets.
A data breach that exposes personal information could cost companies an average of £134,000 to inform their customers - even if the lost data is never used.
The average cost of a data leak is £900,000.
David Lacey’s security blog >>
The latest ideas, best practices, and business issues associated with managing security
Stuart King’s risk management blog >>
Dealing with the operational challenges of information security and risk management
Comment on this article: email@example.com