$861,000 the Cost of Average Cyberattack
Kaspersky Lab released research which indicates that a single cybersecurity incident costs large businesses, on average, a total of $861,000 while SMBs pay an average of $86,5000.
According to the results of the "Measuring the Financial Impact of IT Security on Businesses report, which was based on the 2016 Corporate IT Security Risks survey, nearly half (49 percent) of U.S. businesses, and over half globally (52 percent), assume that their IT security will be compromised at some point.
In the past year alone, more than a third (34 percent) of U.S. businesses have been affected by viruses and malware causing a loss of productivity and 32 percent have experienced inappropriate IT resource use by employees. When asked about the number of breaches that they have experienced over the past 12 months, 77 percent of U.S. businesses admitted that they have suffered between one and five separate incidents of data loss, leakage or exposure (compared to 82 percent globally).
“The survey proves that reaction time post-breach has a direct impact on financial losses,” said Vladimir Zapolyansky, Head of SMB Marketing, Kaspersky Lab. “This is something that cannot be remedied via budget increases. It requires talent, intelligence and an agile attitude towards protecting one’s business. As a security vendor, our goal is to provide tools and intelligence for businesses of all sizes, keeping in mind the difference in ability to allocate security budgets.”