Ever wish you could just give in to despair and stop worrying about imminent security threats and let your network operate on cruise control? It’s a tempting thought given the escalating number of threats and the challenges involved in prioritizing them in terms of business risk cost and time to remediate In this paper, we will summarize the most obvious costs of complacent cybersecurity and then cover some additional business impacts associated with a reactive cybersecurity strategy.
Key Insights:
- The average total cost of a data breach is more than $7 million for U.S. companies.
- In 2017, U.S. companies paid the highest price ($4.1 million) for losing customers following a cyber-attack.
- 73% of breaches are financially motivated.