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U.K.: West Midlands organizations losing millions due to data loss incidents

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Data loss has been costing organizations in the U.K.'s West Midlands region millions of pounds every year, BQ Live reported.

Despite the losses, several firms are putting themselves at risk by not taking required steps to protect their information, said Mirrornet Ltd. Around 80% of firms that are affected by major data loss events close within 18 months, Mirrornet added. Server downtime could affect firms' reputations and stakeholders, along with "damaging financial implications," a Mirrornet official said.

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