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.