Study: Breaches Increasing, Costs Decreasing
DATA LOSSNovember 12, 2010
A new study has found that while Canadian data breaches are on the rise, the cost of such breaches is going down due to better detection and containment techniques, IT World reports. The study polled 500 businesses and IT professionals and was conducted by Telus Corp. and the University of Toronto's Rotman School of Management. It found that Canadian businesses reported 29 percent more data breaches in 2010 than the previous year but that the costs associated with the breaches have decreased by 78 percent. The study also found that companies are struggling with controlling social networking access but that employees at such companies ultimately waste productivity trying to circumvent such controls.