02.56.2008 - New Ponemon Study Reveals the True Cost of a Data Breach in the U.K.

London / 25 February, 2008- Privacy and information management research firm Ponemon Institute, PGP Corporation, a global leader in enterprise data protection, and Symantec Corp. today announced the results of the first study on the costs incurred by U.K. businesses after experiencing a data breach. Research by the Ponemon Institute found that the average total cost per incident was more than £1.4 million. The “2007 Annual Study: U.K. Cost of a Data Breach” also reveals that the financial impact of lost business due to reduced consumer trust was the most significant component of data breach costs. This first-annual U.K. study was sponsored by PGP Corporation and Symantec. - View Press Release - Visit Symantec Corp.