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.

Vulnerabilities / Threats

10/1/2019
12:35 PM
50%
50%

Cost of Data Breach Hits $1.4M, Security Budgets Near $19M

Researchers report businesses with an internal SOC suffer half the average financial damage.

The cost of enterprise data breaches has increased to $1.41 million, up from $1.23 million the previous year, Kaspersky Lab researchers report. Cybersecurity budgets have more than doubled as a result, averaging $18.9 million this year compared with $8.9 million in 2018.

Data breaches are becoming "significantly" more expensive for enterprises; however, those with an internal security operations center (SOC) suffer less financial damage. This year, businesses with an internal SOC estimated their post-breach costs amounted to $675,000, less than half the average breach impact in 2018. What's more, 34% of companies across all sizes that employ a data protection officer (DPO) report cyber incidents didn't lead to monetary loss.

Businesses that outsourced their SOC did not reduce the cost of a breach. Researchers found outsourcing security to a managed service provider could increase the financial damage: 23% of companies that use an MSP reported a financial impact of $100,000 to $249,000. Only 19% of organizations with their own internal IT team reported the same level of expense post-breach.

Read more details here.

Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's top story: "5 Disruptive Trends Transforming Cybersecurity"

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
jackryan123
50%
50%
jackryan123,
User Rank: Apprentice
10/30/2019 | 9:29:31 AM
interesting
very interesting to read!
COVID-19: Latest Security News & Commentary
Dark Reading Staff 7/14/2020
Omdia Research Launches Page on Dark Reading
Tim Wilson, Editor in Chief, Dark Reading 7/9/2020
Why Cybersecurity's Silence Matters to Black Lives
Tiffany Ricks, CEO, HacWare,  7/8/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Threat from the Internetand What Your Organization Can Do About It
The Threat from the Internetand What Your Organization Can Do About It
This report describes some of the latest attacks and threats emanating from the Internet, as well as advice and tips on how your organization can mitigate those threats before they affect your business. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-1448
PUBLISHED: 2020-07-14
A remote code execution vulnerability exists in Microsoft Word software when it fails to properly handle objects in memory, aka 'Microsoft Word Remote Code Execution Vulnerability'. This CVE ID is unique from CVE-2020-1446, CVE-2020-1447.
CVE-2020-1449
PUBLISHED: 2020-07-14
A remote code execution vulnerability exists in Microsoft Project software when the software fails to check the source markup of a file, aka 'Microsoft Project Remote Code Execution Vulnerability'.
CVE-2020-1450
PUBLISHED: 2020-07-14
A cross-site-scripting (XSS) vulnerability exists when Microsoft SharePoint Server does not properly sanitize a specially crafted web request to an affected SharePoint server, aka 'Microsoft Office SharePoint XSS Vulnerability'. This CVE ID is unique from CVE-2020-1451, CVE-2020-1456.
CVE-2020-1451
PUBLISHED: 2020-07-14
A cross-site-scripting (XSS) vulnerability exists when Microsoft SharePoint Server does not properly sanitize a specially crafted web request to an affected SharePoint server, aka 'Microsoft Office SharePoint XSS Vulnerability'. This CVE ID is unique from CVE-2020-1450, CVE-2020-1456.
CVE-2020-1454
PUBLISHED: 2020-07-14
This vulnerability is caused when SharePoint Server does not properly sanitize a specially crafted request to an affected SharePoint server.An authenticated attacker could exploit this vulnerability by sending a specially crafted request to an affected SharePoint server, aka 'Microsoft SharePoint Re...