The state of play
Cost of Data Breach Study: United Kingdom
Symantec Corporation and Ponemon Institute are pleased to present U.K. Cost of Data Breach, our fifth annual benchmark study concerning the cost of data breach incidents for U.K.- based companies. In this year’s study, the average per capita cost of a data breach has increased from £71 to £79.
Since Ponemon Institute began studying this issue, several EU countries have enacted laws requiring the owners of personal information databases to inform affected individuals in the event
of a data security breach. In an effort to reduce administrative burdens and the cost of compliance with data protection laws, including data breach notification, Viviane Reding, European Commissioner for Justice, Fundamental Rights and Citizenship, announced the European Commission’s proposal to reform the European Union’s data protection framework.
The proposed regulation creates a single set of European rules that would be valid everywhere across the EU.1.