| Data breaches cost firms 60 pounds per record |
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The biggest cost to companies that lose data is the business that it loses those firms, according to industry research. The total cost of losing a piece of data has risen by 28% in the last year, the research found.
The average cost of a single lost record is £60, research
conducted by privacy research firm The Ponemon Institute on behalf
of encryption company PGP Corporation. Last year's research results
showed that the cost per record was £47.
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