Transcribed

How much money would businesses save if they avoided a security breach?

асcess freedom to do more £22,700 is the annual average cost for businesses that lost data or assets after breaches What could businesses do with £22,700? 65 39 19 New Dell Business New Epson Scanner/ printers Used Ford Transit Vans Desktop Computers Cyber Security Protection Insurance for 19 Years 1 137 41 year Marketing Support From a Specialist Agency New Office Desks Bean to Cup Office Coffee Machines Cups of Tea In a recent report published by the government's Cyber Streetwise campaign and KPMG, SME victims disclosed that: 26% of businesses suffered operational limitations 26% were unable to grow in line with previous forecasts 25% received negative reviews on social media 89% felt that attacks impacted upon their reputation 30% reported a loss of clients Sources for content: assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/791940/Cyber_Security_Breaches_Survey_2019_-_Main_Report.PDF www.ibm.com/downloads/cas/861MNWN2

How much money would businesses save if they avoided a security breach?

shared by HallamAgency on Aug 06

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Did you know that £22,700 is the annual average cost for businesses that have lost data or assets after a breach? That’s according to the latest Cyber Security Breaches Survey by the Government’... s Department for Digital, Culture, Media & Sport. While the quoted figure is just a drop in the ocean for a multinational; for SMEs, it could be the difference between being able to continue trading, or having to shut down. Not only has this average figure risen from last year (£22,300); smaller businesses are also seeing rising costs in cases where cyber attacks are able to penetrate an organisation’s defences. One thing is for sure, th2at this survey highlights that the costs of cyber security breaches can be substantial. What would you spend £22,700 on?

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