70% of UK Organisations hit by data breaches in the last year -Press Release
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70% of UK Organisations hit by data breaches in the last year
LONDON, July 8 2009 - PGP Corporation, a global leader in business data protection and encryption has announced the results of the Ponemon Institutes third annual study into encryption trends in the UK. The study polled 615 enterprises and PSOs and has found that 70% of organisations have been the victims of at least one data breach over the last year, while 12% admitted to having more than five breaches in the same timeframe. Less than half (43%) of these breaches were actually announced to the public.
Of all the various industries the public sector suffered the most data loss incidents (3.38 per organisation) followed by financial services (3.11 per organisation), the education sector (2.73), private healthcare and pharmaceutical firms (2.65) and professional services (2.52). Media, Defence and Entertainment sectors did better, all reporting 0 breaches.
The organisations suffering from data loss the most are the ones most likely to have ignored the idea of a companywide strategy for data encryption. This is evident in the 12% of business to have suffered more than five losses – none of whom have any kind of strategy in place to combat the attacks.
The number of attacks is up around 60% from last year. Dr Larry Ponemon, Chairman of the Ponemon Institute commented:
“While the number of breaches is growing, there is increasing appetite for solutions that can alleviate the costly and time consuming task of managing encryption keys across the whole of the organisation. On the whole, UK businesses are looking closely at platform-based encryption solutions – with built in key management capabilities – rather than point solutions supplied by multiple vendors. This doesn’t just make sense from a management or cost point of view.”
Recent research also conducted by the Ponemon Institute has found that the average data breach in the UK costs around 1.7 million pounds.
“This study underlines the critical importance of implementing an encryption strategy that encompasses all aspects of an organisation’s data, not to just meet privacy or data security regulations but to also protect against brand damage and loss of customer.” said Philip Dunkelburger, CEO and President of PGP Corporation.
About PGP Corporati
PGP Corporation provides email and data encryption software for enterprise data protection. The PGP encryption platform offers applications which allow organisations to meet their current security needs as well as giving them the ability to expand in the future as their security needs evolve. The company provides solutions for a range of products and services including email, laptops, desktops, IM, Smartphones, network storage, file transfers and backups.
For further information please contact:
Analyst and Media Contacts for PGP Corporati
Claire Ayles / Ben Roberts
Johnson King
+44 (0) 20 7401 7968
pgpteam@johnsonking.co.uk
Press Release Written by: Staff From Press Release Services
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