The Cost of Poor Cybersecurity

THE COST OF POOR CYBERSECURITY $ A DEEP DIVE B ŝ THE COST OF CYBERCRIME IN 2018 WAS AROUND $ 13 MILLION¹ In 2017 , the average cost of cybercrime was $ 11.7 million COMPROMISED CREDENTIALS COST BUSINESSES AROUND $ 4.37 MILLION² THE COST OF CYBERCRIME INCREASED 72 % FROM 2021 TO 2022¹ ARTIFICIAL INTELLIGENCE ( AI ) PROVIDED COST MITIGATION WORTH $ 3.81 MILLION COMPARED TO ORGANIZATIONS WITHOUT AI² It is the largest source of cost mitigation BUSINESSES WITH A O TRUST APPROACH SPENT AN AVERAGE OF $ 1.76 MILLION LESS COMPARED TO ORGANIZATIONS WITHOUT THE APPROACH² THE AVERAGE BREACH COSTS $ 4.0 MILLION DUE TO BUSINESS DISRUPTION¹ $ BREACHES COST $ 5.9 MILLION DUE TO INFORMATION LOSS¹ IN 2018 , DISCOVERING A CYBERATTACK TOOK UP 36 % OF THE TOTAL COSTS ASSOCIATED WITH THE BREACH ¹ ¹ https://www.accenture.com/_acnmedia/PDF-99/Accenture-Cost-Cyber-Crime-Infographic.pdf 2 https://www.ibm.com/reports/data-breach