Malware and malicious insiders account for a third cybercrime costs

guest · Apr 1, 2019

Malware and malicious insiders account for a third cybercrime costs
April 1, 2019
https://securitybrief.co.nz/story/m...insiders-account-for-a-third-cybercrime-costs

Based on interviews with more than 2,600 security and information technology (IT) professionals at 355 organisations worldwide, Accenture’s 2019 "Cost of Cybercrime Study" found that the cost to companies due to malware increased 11 per cent, to more than US$2.6 million (NZ$3.76 million) per company [...]

The study calculated cybercrime costs as what an organisation spends to discover, investigate, contain and recover from cyber attacks over a four-consecutive-week period, as well as expenditures that result in after-the-fact activities — i.e., incident-response activities designed to prevent similar attacks — and efforts to reduce business disruption and the loss of customers.
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145 Average number of security breaches in 2019

+11% Increase in security breaches since last year

+67% Increase in security breaches in the last five years

$5.2T Organizations could benefit from US$5.2 trillion of future revenues over the next five years

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Accenture: Ninth Annual Cost of Cybercrime Study

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Malware and malicious insiders account for a third cybercrime costs

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Malware and malicious insiders account for a third cybercrime costs

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