Companies average more than one cyberattack per month, costing them some $3.5 million per year in recovery costs. That's the big takeaway from a recent Ponemon Institute report that also showed that security professionals say they need more expertise, technology, and services to address attacks and threats that skirt their perimeter security.
The study, commissioned by BrandProtect, summarized the responses of 591 security professionals representing 505 enterprises and institutions across all markets. It focuses on how businesses are responding to the complexities and risks of what it defines as "external" threats – those arising outside a company’s traditional security perimeter such as executive impersonations, social engineering exploits, branded attacks, email spoofing or forging, and copycat websites.
So what's the actual business impact of defending and suffering from these types of attacks and threats? Here's the lowdown.