The True Cost of Data Loss

THE TRUE COST OF DATA LOSS UK BASED STATS 24 G 60%OF SMALL TOMEDIUM BUSINESSES DO NOT ROUTINELY BACK UP THE DATA ON THEIR COMPUTER SYSTEMS. 72% OF BUSINESSES THAT EXPERIENCE A MAJOR DATA BREACH 78% OF UK ORGANISATIONS ARE NOT FULLY CONFIDENT IN THEIR ABILITY TO RECOVER AFTER A DISRUPTION. SHUT DOWN WITHIN 24 MONTHS OTHER COMMERCIAL CONSEQUENCES OF DISRUPTIONS WERE: LOSS OF REVENUE 34% IN THE UK & LOSSOF CUSTOMER CONFIDENCE/LOYALTY 29% IN THE UK 75 % OF UK COMPANIES WITH THREE OR MORE VENDORS HAVE EXPERIENCED UNPLANNED SYSTEMS DOWNTIME WITHIN THE LAST 12 MONTHS. The average cost of data loss to global respondents was $585,892, Compared to the mammoth uk average of $1,302,895, Between 2012 and 2013, 87% of small businesses are reported to have had some form of "data breach", whether it be from their own systems or through a third party service used in the course of their business. Whilst the figures for downtime were $494,037 and $611,375 respectively. Where losses occurred from these, the average total cost of a cyber crime or £35,000 TO£65,000 for a small business. For Larger Businesses The Average Cost Is £450,000 TO £850,000 data loss is now estimated to be between GLOBAL STATS 0101 010101 010101, 0101 ERROR 0101* 1700 60%OF COMPANIES that lose their data will go out of business within 6 months of the disaster. OVER ½ Of critical Corporate data Resides on Unprotected pc desktops and laptops. 0101 0101 1 KEY CAUSES FOR DATA LOSS ARE 30% 78% Hardware or system malfunction 11% Human error of companies report that they still do not have a disaster recovery program in place, 7% Software corruption or program malfunction 2% Computer viruses and 20UT OF 3 feel their data backup and disaster recovery plans have significant vulnerabilities. 1% Natural disasters 1% Other 20%OF SMALL TOMEDIUMBUSINESSES will suffer a major disaster causing loss of critical data EVERY 5 YEARS Data loss and downtime cost enterprises $1.7 TRILLIONaround the globe in the past year - the equivalent of nearly 50 % of Germany's GDP. | LEGAS Sources Department for Business Innovation & Skills 2013 Information Security Breaches Survey http://www.cookeandmason.com/blog/10-facts-about-cyber-crime-uk-data-loss-risks/ http://www.theguardian.com/media-network/media-network-blog/2014/apr/17/protect-business-data-loss-cyber-infographic http://www.techweekeurope.co.uk/e-innovation/data-loss-downtime-costs-uk-10-5-billion-per-year-156762 http://www.information-age.com/technology/security/123457458/cost-of-data-loss-to-uk-businesses-eclipses-global-average http://www.jms-securedata.co.uk/article/true-facts-about-data-loss CH ..........;.…. CH