The prospect of a cyber breach looms for every business and thestakes have never been higher. A survey by the Ponemon Institute with Hewlett-Packard found that the averagecost of responding to a cyber attack for U.S. companies hasincreased 96% over the last five years to a whopping $12.7 million.Considering that the 59 organizations which participated in thestudy have seen a 176% increase in the number of cyber attacks withan average of 138 successful attacks per week, the chances that acompany will experience an attack increase every day.
The survey also found that it took approximately 170 days todetect an attack and another 45 days to resolve it, usually costingsomewhere around $1.6 million to the company.
A global analysis report Ponemon conducted with IBM found the costs worldwide had risen15% over last year, costing a company $3.5 million in US dollarsthis year to resolve.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
