A British government-commissioned report carried out by PwC has found that data breaches are rolling in thick and fast for UK firms - and the costs are mounting up.
The ‘2015 Information Security Breaches Survey' was announced at InfoSec Europe in London and contained some eye-opening statistics on the increasing number of data breaches, the average breach cost as well as other findings on Breach Detection, response, and cyber-insurance.
The headline statistic from the data, which is based on 661 responses across three months from November to March, was that 90 percent of large companies have suffered a data breach over the last year, compared to 81 percent last year. Small medium enterprise (SMEs) were also at risk, with 74 percent reporting breaches compared to 60 percent a year ago.
“Dealing with data breaches is now a fact of life,” said PwC cyber-security consultant Richard Horne, formerly managing director of cyber-security at Barclays.