Cost of security breaches triples in two years for UK firms

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Cloud Computing Spunje
Published: May 3, 2010Posted in: Business Intelligence, Case Studies & Tutorials, Cloud Computing Security, Internet Security, Research & Surveys, SecurityTags:
Cost of security breaches triples in two years for UK firms
A record number of security breaches is costing UK firms billions of pounds, according to a new survey from PricewaterhouseCoopers (PwC)

An average security breach costs a large UK firm in the range of £280,000 and £690,000, according to a biennial survey, conducted by Pricewaterhouse Coopers. This is a massive jump from between £90,000 to £170,000 in 2008, when the survey was last conducted.
http://www.computerworlduk.com/management/security/cybercrime/news/index.cfm?newsid=20048

It is probably no surprise then that the majority of respondents, 56 percent of large firms and 43 percent of small firms, expect even more incidents next year, which would be a return to 2006 levels. Only 16 percent expect fewer security incidents next year

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