The Ramifications of a Security Breach

Another survey. Scott Koller writes:

From hackers to stolen laptops, security breaches have been on the rise.  While most businesses are aware of the dangers associated with potential security breaches, few truly understand the full ramifications.  Calculating the time and money spent on investigations and notifications is fairly straight forward but measuring the damage to a company’s reputation or customer confidence is more complicated.  A recent survey sponsored by Cintas is helping to shed some light on this issue.  An online survey of 2,061 U.S. adults ages 18 and older was conducted by Harris Interactive in August of this year and the results are surprising.  Nearly two thirds of the participants indicated that they would not return to a business where their personal information was stolen.  For specific types of businesses:

– 55 percent would change banks

– 46 percent would switch insurance companies

– 42 percent would go to a different drug store/pharmacy

– 40 percent would get a new doctor or dentist

– 39 percent would get a new lawyer

– 38 percent would donate to a different charity/non-profit organization

– 35 percent would not return to their hospital

– 24 percent would no longer donate to their alma mater or another educational institution they attended.

Read more on InfoLawGroup.

Of course, what people say they’d do and what they actually do may not be the same thing.  Given how many people have already become breach victims, why don’t one of these surveys actually measure what people did after a breach?

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