U.S. Businesses Losing Millions From Illegal Interception Of Cell Phone Calls: Ponemon Institute

Two-thirds of survey participants lack confidence that the proprietary and confidential information conveyed during cell phone conversations is adequately secured in their organizations

March 3, 2010

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PALO ALTO, Calif. --(Business Wire)-- Mar 02, 2010 A survey released today by the Ponemon Institute (www.ponemon.org), on behalf of Cellcrypt (www.cellcrypt.com), reveals that large and medium businesses are putting themselves at risk as a result of cell phone voice call interception.

According to a survey of seventy five companies and 107 senior executives in the United States, it costs U.S. corporations on average $1.3M each time a corporate secret is revealed to unauthorized parties. 18% of respondents estimate such losses to occur weekly or more frequently, 61% at least monthly and 90% at least annually.

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