The financial costs of losing corporate data

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%).

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Government IT in post-Brexit Britain

Get an expert look at the government's ideas for a prosperous post-Brexit Britain as well as its ambitious 5G strategy. Features an interview with Sarah Wilkinson, chief data, digital and technology officer at the Home Office.

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