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Volume 27, Issue 3

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June 28, 2013

$649000, the cost of a cyber attack on business!

Any cyber attack can bring unprecedented damage to a company, but can these damages be quantified in financial terms? This year, experts at B2B International calculated the damages stemming from cyber-attacks based on the results of a survey of companies around the world.

The survey titled, 2013 Global Corporate IT Security Risks survey, found that the average cost incurred by large companies in the wake of a cyber attack is a whopping $649,000. To arrive at the most accurate picture of costs, B2B included only incidents that had occurred in the previous 12 months. Additionally, the assessment was based on information about losses sustained as a direct result of security incidents.

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http://www.cxotoday.com/story/649000-the-cost-of-a-cyber-attack-on-business/