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	<title>Security Heavy &#187; SOX</title>
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		<title>35 Million Identities Breached, $5 Billion in Losses in &#8217;08</title>
		<link>http://www.securityheavy.com/2009/04/35-million-identities-breached-5-billion-in-losses-in-08/</link>
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		<pubDate>Fri, 10 Apr 2009 21:37:19 +0000</pubDate>
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		<description><![CDATA[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 &#8217;08 companies paid an average of $202 per breached file and that the total [...]]]></description>
			<content:encoded><![CDATA[<p>In 2008, according to <a href="http://www.royalgroupservices.com/default.aspx">Royal Group Services</a>, 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 &#8217;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.</p>
<p>See:</p>
<p><a href="http://www.royalgroupservices.com/product_bank_ISO_breach.aspx">As a financial services institution, you’re uniquely vulnerable to data breach. That means you’re also vulnerable to its potentially catastrophic costs. </a></p>
<p><span class="heading"> </span><a href="http://www.royalgroupservices.com/product_merchant_breach.aspx">Protecting your merchants. Securing their assets. Saving their businesses—and yours.</a></p>
<p>Equally interesting was that Royal Group reported that the 35 million number was a 50 percent increase over 2007.</p>
<p>Posted by Joe Franscella</p>
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