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Cyber Security

Most network outages exceed $1 million in damages

Infoblox unveils research into the foundational infrastructure challenges faced by networking and security decision-makers in the US government. The report reveals a disruptive year of workforce transformation forced by the COVID-19 shutdowns during which respondents also handled expensive fallouts from network outages and data breaches. 80% of respondents estimated data breaches have cost their organizations at least $1 million in damages. 60% of network outage costs $1M in operational disruptions, reputational damage, lost data, and financial losses. As cyber attacks escalate, security budgets continue to grow.

Source: https://www.helpnetsecurity.com/2021/01/28/network-outages-damages/

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