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Compliance .Laggards Face Most Financial Risk from Data Loss, Report Shows

Financial risk for losing data is huge compared to the amount of money spent on compliance and data protection, report shows. Financial and accounting service industry sees more .compliance laggards, report says. Financial risks include 8 percent decline in market value for a share of stock for publicly traded firms, 8 percent drop in revenue for a loss of customers and 8 percent legal costs for litigation, settlements, cleanup, restoration, and average $100 per customer lost. Those firms with the best IT compliance results have, at most, two disruptions annually.”]

Source: https://www.cuinfosecurity.com/compliance-alaggardsa-face-most-financial-risk-from-data-loss-report-shows-a-507

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