ThreatList: $1.7M is the Average Cost of a Cyber-Attack
Posted in: Legal & Security at 17/01/2019 13:27
The average cost estimate for cleaning up a cyberattack comes in at around $1.1 million, according to a recent survey. But this is actually a rosy view: For those organizations that actually calculate (versus estimate) the real cost of an attack, that number increases significantly to $1.67 million.
According to Radware’s 2018-2019 Global Application and Network Security Report, which analyzed vendor-neutral survey data from 790 IT executives, there has been a 50 percent growth in organizations that estimate the cost of an attack to be greater than $1 million, and an overall shift away from lower estimations.