The global cost of cybercrime has rocketed by 23% over the past year to reach $11.7m per business, a

itman · Sep 26, 2017

Hopefully, corps. will say "enough is enough" in regard to Microsoft OSes and start moving back to the mainframe.

The global cost of cybercrime has rocketed by 23% over the past year to reach $11.7m per business, according to the latest report from Accenture.

The consulting giant commissioned the Ponemon Institute to poll over 2100 global organizations to compile its Cost of Cyber Crime Study, and found cybercrime showing no signs of slowing.

Financial services ($18m) and energy ($17m) suffered the worst losses, and US firms ($21m) incurred the highest average cost of any country, while Australia reported the lowest ($5m) and the UK had the lowest change from last year: from $7m to $8.7m.

The stats also revealed that firms on average suffered 130 'breaches' – network or system infiltrations – annually, a 27% increase on the 2016 report findings.

Malicious insiders caused the most havoc, with related incidents taking on average 50 days to resolve, while ransomware attacks take over 23 days.

However, malware ($2.4m) and web attacks ($2m) are the most costly.
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https://www.infosecurity-magazine.com/news/global-cost-of-cybercrime-soars-23/

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The global cost of cybercrime has rocketed by 23% over the past year to reach $11.7m per business, a

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The global cost of cybercrime has rocketed by 23% over the past year to reach $11.7m per business, a

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