Cost per Cyberattack Jumps to $4.6M in 2019

From 2018 to 2019, the percentage of cyberattacks costing $10 million or more nearly doubled, hitting 13%.

The cost of cyberattacks spiked more than $1.5 million in the past year, going from $3 million per incident in 2018 to $4.6 million in 2019. Pricier breaches are becoming more frequent: The percentage costing $10 million or more nearly doubled from 7% in 2018 to 13% this year.

Radware researchers who compiled the report "2019 C-Suite Perspectives: From Defense to Offense, Executives Turn Information Security into a Competitive Advantage" found there are four main business impacts after a cyberattack: customer loss (45%), brand reputation loss (44%), and revenue loss and operational effects (32% each). Cybersecurity has also become an executive issue, with 72% of executives reporting it's on every board meeting agenda.


Read the whole article here: https://www.darkreading.com/perimeter/cost-per-cyberattack-jumps-to-$46m-in-2019/d/d-id/1335008