According to a recent report, there has been almost a 50 percent increase in reported data security breaches at businesses, government agencies and educational institutions since 2007. The financial losses to affected companies also have increased.
Surveyed companies reported that average data breach response and business costs rose in 2008, with a cost to the affected company of some $202 per affected consumer, an increase of nearly 40 percent since 2005.[FOOTNOTE 1]
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