Survey: 1 in 5 Italian companies lose $1.5 million each for data breaches
American companies aren’t alone in paying dearly for data losses. In the last 12 months, 20 percent of Italian companies have faced the irreparable loss of their data, with an average economic damage of around $ 1.5 million. That represents a shocking increase of 622% compared to 2016, with an average value of managed data equal to 18.48 Petabytes.
There was good news for Italy, however. In a ranking of data protection maturity, the country’s companies went up 11 places to number 4 worldwide—ahead, in fact, of the United States, which came in at number 6.
These and other results come from the third Global Data Protection Index, a survey by Dell EMC that annually analyzes the state of the art and the maturity of companies in terms of data protection at a global level.
Sixty-eight percent of companies, on the other hand, faced more or less solvable problems related to data loss. Some caused the interruption of services with an average of 18 hours of operation and a weighted cost of over $530,000. The report also shows how cloud computing is changing the scenario relating to the location of the data and its protection both in Italy and in the rest of the world. In the Belpaese (Italians’ nickname for their country), the use of the public cloud now corresponds to 30% of the total IT environments of the companies.