Skyrocketing Cyberattack Costs: Businesses Brace for $1.41M Sting!
Cyberattacks are draining wallets like never before, with costs sky-high at $1.41 million a pop. Meanwhile, 48% of UK firms are playing digital dodgeball with data breaches. Spoiler alert: hardware failures are the new ‘it’ villain. #GlobalCyberattacks
Hot Take:
Hold onto your digital hats, folks, because the cyberattack price tag just went through the virtual roof! We've rocketed from a bargain-bin $0.66 million per hack in 2022 to a bank-breaking $1.41 million in 2023. It's like cybercriminals adjusted for inflation and then some. Meanwhile, the UK's playing a losing game of digital dodgeball, with nearly half its organizations getting whacked by cyberattacks or data-blocking incidents. And let's not forget the shiny new toy everyone's eyeing—Generative AI. Sure, it might be our cyber-knight in shining armor, but it also means there's more precious data to guard. Oh, and ransomware? More like ransom-"where's my money?" because insurance reimbursements are looking like a rare loot drop.Already a member? Log in here