Just 50 % of financial firms are insured against data loss , according to a report from Accenture . This is despite medium - sized corporations typically spending over $ 1 m annually on data harvesting and analytics , while insurance costs a fraction of that , at $ 85,000 a year . Furthermore , a quarter of business leaders , and a third of large companies , suffered an attempt to either steal or sell their data last year . Only new financial analysts consider data to be an asset class , Accenture 's managing director , George Marcotte , said ; a factor that could be explained by research that claimed 50 % of gathered data is inaccurate .
Just 50% of UK firms are insured against data loss, according to a report from Accenture. This is despite medium-sized corporations typically spending over $1m annually on data harvesting and analytics, while insurance costs a fraction of that, at $85,000 a year. Furthermore, a quarter of business leaders, and a third of large companies, suffered an attempt to either steal or destroy their data last year. Only new platform businesses consider data to be an asset class, Accenture's managing director, George Marcotte, said; a factor that could be explained by research that claimed 30% of gathered data is inaccurate.