Search BizReport
News by Topic
Marketing
- Advertising
- Search Marketing
- Email Marketing
- Loyalty Marketing
- Mobile Marketing
- Social Marketing
- Viral Marketing
- Trends & Ideas
- Internet Marketing 101
Beyond Marketing
BizReport : Internet : October 12, 2015
Survey: Half-million spent to recover from cyber attacks
The cost of a business' recover from a cyber attack is rising. That according to Kaspersky Lab which surveyed IT departments about recovery from an attack; according to the survey businesses are spending an average of $551,000 (enterprises).
Nearly half of those surveyed say they've lost vital/sensitive information because of a cyber attack and nearly all (90%) reporting they've suffered from a cyber attack. Enterprises aren't the only businesses suffering - SMBs are also being targeted. They report an average $38,000 spent on recovery from attacks.
"Businesses have known for a long time that any cyberattack has its consequences, but the high costs associated with addressing a cyberattack after an incident occurs is quite alarming," said Chris Doggett, managing director of Kaspersky Lab North America. "These numbers should serve as a wakeup call for both large and small businesses. IT security needs to become a more common priority for organizations and it is our hope that these numbers will motivate businesses to take the necessary steps to implement effective cybersecurity technology and strategies to prevent having to pay an enormous cybersecurity bill."
Some interesting takeaways from the report include:
• Malware attacks are the most common with 24% reporting these attacks
• 48% say they've lost sensitive information as the result of an attack
• 44% say their reputation has been damaged
• 44% have not implemented malware solutions to fight off attacks
Tags: cyber attacks, cyber security, cybersecurity, Kaspersky Lab
Tweet
Subscribe to BizReport
Please enter your e-mail here:
Latest Headlines
- Studies ID risks, impact of remote work
- What are the differences between social media platforms?
- Expert: How Covid-19 will impact merchants in 2021
- Expert: How a newsletter could change your business
- Reports underline changes in how people now shop
- Study: Customer ID a problem for brands, publishers
- How to Optimize WooCommerce for Higher Conversion Rates
- Report: US imports up 8% for 2020