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The Information Security Breaches Survey 2014

The number of information security breaches affecting UK businesses has decreased over the last year but the scale and cost of individual breaches has almost doubled.

The Information Security Breaches Survey 2014, commissioned by the Department for Business, Innovation and Skills (BIS) and carried out by PwC, found that 81 percent of large organizations suffered a security breach, down from 86 percent a year ago. 60 percent of small businesses reported a breach, down from 64 percent in 2013.

Although organizations are experiencing fewer breaches overall, the severity and impact of attacks has increased, with the average cost of an organizations' worst breach rising significantly for the third consecutive year. For small organizations the worst breaches cost between £65,000 and £115,000 on average and for large organizations between £600,000 and £1.15 million.

The majority of businesses have increased IT security investment over the last year.

The 2014 Information Security Breaches Survey (ISBS) was commissioned by BIS and carried out by PwC in conjunction with Infosecurity Europe and Infosecurity Magazine.

Read the full survey report.

•Date: 6th May 2014 • UK •Type: Article • Topic: ISM

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