Data breaches to cost more in the cloud

Liz Tay reports:

Remedying a data breach costs 40 percent more for businesses that store their data offshore, a study of Australian incidents has found.

Conducted by the Ponemon Institute and PGP Corporation, the inaugural Australian Cost of a Data Breach report aimed to quantify the costs associated with public and private sector data breaches.

Sixteen organisations participated in the study between September 2009 and January, all of which had experienced one or more data breach incidents during the past year.

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Copies of the full study are available at:

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