ThreatList: $1.1M is Lost to Cybercrime Every Minute of Every Day

Posted in: Legal & Security at 24/08/2018 14:23

Every 60 seconds, $1.1 million is lost to cyberattacks.

That staggering stat comes to us by way of RiskIQ, which compiled proprietary and third-party research to crunch numbers around malicious activity. The resulting report, the appropriately named “Evil Internet Minute,” paints a stark picture of the cost of cybercrime.

Every minute, there are 5,518 records leaked from publicly disclosed incidents. Globally, when a large business is affected, the average cost is $11.7 million a year and $222 a minute. This, despite the fact that businesses are spending $171,000 every minute on defense.

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