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Losing up to Half a Million US dollars due to a Security Breach

The average budget required to recover from a security breach is $551,000 USD for enterprises and $38,000 for small and medium businesses according to a new report by Kaspersky Lab. Nine out of ten companies that took part in the survey reported at least one security incident, but not all were serious and/or lead to the loss of sensitive data. Most frequently breaches were the result of a malware attack, phishing, leaks of data by employees and vulnerable software which had been exploited. Other expensive types of breaches include fraud by employees, cyber-espionage and network intrusion.”]

Source: https://informationsecuritybuzz.com/study-research/losing-up-to-half-a-million-us-dollars-due-to-a-security-breach/

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