Warning on cost of IT security breaches

IT security breaches can cost companies up to four per cent of their annual revenues, according to a new report.

IT security breaches can cost companies up to four per cent of their annual revenues, according to a new report.

The report - Cost of Losing Information - by software company CA found the downtime associated with IT security breaches cost an average of 3.6 per cent of a company’s annual revenues. The survey of 80 large companies was conducted by Infonetics Research on behalf of CA.

Electronic greeting card spam has been ...