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35 Million Identities Breached, $5 Billion in Losses in ’08

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In 2008, according to Royal Group Services, a data breach damages indemnification provider, 35.7 million identities were compromised and 18 million records were stollen from financial services companies. The company, which specializes in PCI DSS insurance services, further reports that in ’08 companies paid an average of $202 per breached file and that the total cost of data breaches among financial services companies was $5 billion.

See:

As a financial services institution, you’re uniquely vulnerable to data breach. That means you’re also vulnerable to its potentially catastrophic costs.

Protecting your merchants. Securing their assets. Saving their businesses—and yours.

Equally interesting was that Royal Group reported that the 35 million number was a 50 percent increase over 2007.

Posted by Joe Franscella

Posted by on Friday, April 10, 2009 at 2:37 pm 
Filed under Featured, General IT Security · Tagged with , , , , , , , , , ,

Comments

3 Responses to “35 Million Identities Breached, $5 Billion in Losses in ’08”
  1. sandra742 says:
    September 9, 2009 at 8:01 am

    Hi! I was surfing and found your blog post… nice! I love your blog. :) Cheers! Sandra. R.

  2. eblogger says:
    September 13, 2009 at 2:31 am

    My Friend Asked me to Read your Post 35 Million Identities Breached, $5 Billion in Losses in ‘08 « Security Heavy on Sunday.Your post is Well written.Please Keep it up .I Love reading on merchants.

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