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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

The Cost of Poor Cybersecurity

shared by emeltzer on Nov 29
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There are many variables at play when it comes to analyzing the cost of poor cybersecurity and breaches. Businesses need to stop production and other activities in order to address the event that o...

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Technology
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