This is the average annual cost a company pays to deal with successful cyberattacks, study finds
Companies spend an average of $1,197 per employee annually to deal with successful cyber attacks on email services, applications or cloud services, and browsers. Security researchers at Perception Point shared the findings with Infosecurity, published in a new white paper this month.
According to the document, the amount spent annually does not yet include compliance fines, ransomware mitigation costs and losses from non-operational processes, which can cause more expenses.
A survey conducted jointly with Osterman Research in June considers responses from 250 security and IT decision makers across multiple enterprises and reveals additional findings about the current enterprise threat landscape.
“These findings demonstrate the urgent need for organizations to find the most accurate and efficient cybersecurity solutions that provide the necessary protection with streamlined processes and managed services” commented Perception Point CEO Yoram Salinger.
Among the findings is that malicious incidents against new cloud-based applications and services occur 60% as often as they do with email-based services.
Additionally, some attacks, such as those involving malware installed on an endpoint, occur on cloud collaboration applications at a much higher rate (87%) when compared to email-based services.
The Perception Point report also shows that a successful email-based cyber incident takes an average of 86 hours for the security team to resolve.
In light of these numbers, the security company added that a security professional without additional support can handle just 23 email incidents per year, representing a direct cost of $6,452 per incident.
In contrast, incidents detected in cloud collaboration applications or services take an average of 71 hours to resolve. In these cases, one professional can handle just 28 incidents per year at an average cost of $5,305 per incident.
“The rapid growth of non-email-based threats crucially underscores the need for security teams to keep up with emerging trends, especially as the modern workplace is constantly changing and the number of cloud-based collaboration tools that organizations trust only tends to expand,” added Salinger.
Source: CisoAdvisor
