Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Perimeter

6/19/2019
12:00 PM
50%
50%

Cost per Cyberattack Jumps to $4.6M in 2019

From 2018 to 2019, the percentage of cyberattacks costing $10 million or more nearly doubled, hitting 13%.

The cost of cyberattacks spiked more than $1.5 million in the past year, going from $3 million per incident in 2018 to $4.6 million in 2019. Pricier breaches are becoming more frequent: The percentage costing $10 million or more nearly doubled from 7% in 2018 to 13% this year.

Radware researchers who compiled the report "2019 C-Suite Perspectives: From Defense to Offense, Executives Turn Information Security into a Competitive Advantage" found there are four main business impacts after a cyberattack: customer loss (45%), brand reputation loss (44%), and revenue loss and operational effects (32% each). Cybersecurity has also become an executive issue, with 72% of executives reporting it's on every board meeting agenda.

Respondents are now working to meet the expectations of an increasingly cyber-savvy customer base; people want to know what companies are doing to protect their information. Three-quarters of executives say security is a key part of their marketing messages. Half of businesses sell dedicated security products and services; 41% offer security features as add-ons.

Still, companies have a long way to go. Seventy percent of senior executives polled in North America and Europe say their organization experienced a cyberattack in the 12 months prior. Three-quarters of those in EMEA admit their networks are vulnerable to cyberattacks.

Read more details here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
6/19/2019 | 2:50:35 PM
But wait - there's MORE
IF companies have enough CYBER ATTACK INSURANCE ----- Then it won't cost a single Penny!!!   right?
Edge-DRsplash-10-edge-articles
7 Old IT Things Every New InfoSec Pro Should Know
Joan Goodchild, Staff Editor,  4/20/2021
News
Cloud-Native Businesses Struggle With Security
Robert Lemos, Contributing Writer,  5/6/2021
Commentary
Defending Against Web Scraping Attacks
Rob Simon, Principal Security Consultant at TrustedSec,  5/7/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: What Virtual Reality phishing attacks will look like in 2030.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-21652
PUBLISHED: 2021-05-11
A cross-site request forgery (CSRF) vulnerability in Jenkins Xray - Test Management for Jira Plugin 2.4.0 and earlier allows attackers to connect to an attacker-specified URL using attacker-specified credentials IDs obtained through another method, capturing credentials stored in Jenkins.
CVE-2021-21653
PUBLISHED: 2021-05-11
Jenkins Xray - Test Management for Jira Plugin 2.4.0 and earlier does not perform a permission check in an HTTP endpoint, allowing with Overall/Read permission to enumerate credentials IDs of credentials stored in Jenkins.
CVE-2021-21654
PUBLISHED: 2021-05-11
Jenkins P4 Plugin 1.11.4 and earlier does not perform permission checks in multiple HTTP endpoints, allowing attackers with Overall/Read permission to connect to an attacker-specified Perforce server using attacker-specified username and password.
CVE-2021-21655
PUBLISHED: 2021-05-11
A cross-site request forgery (CSRF) vulnerability in Jenkins P4 Plugin 1.11.4 and earlier allows attackers to connect to an attacker-specified Perforce server using attacker-specified username and password.
CVE-2021-21656
PUBLISHED: 2021-05-11
Jenkins Xcode integration Plugin 2.0.14 and earlier does not configure its XML parser to prevent XML external entity (XXE) attacks.