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Better Together: Tape + Cloud The Crushing Cost of Cyberattacks

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  2. Better Together: Tape + Cloud The Crushing Cost of Cyberattacks

From malware and ransomware to theft and tampering, cyberattacks are escalating at an alarming rate, while getting more difficult to defend against. And the cost can be devastating.

TWO IN THREE

FINANCIAL SERVICES ORGANISATIONS HAVE HAD 1 OR MORE CYBER SECURITY EVENTS

ONE IN THREE

REPORTED REPUTATIONAL DAMAGE FROM THE CYBER SECURITY EVENT

Short-Term Costs

46 DAYS

AVERAGE TIME TO RESOLVE AN ATTACK

$21K/DAY

AVERAGE COST TO RESOLVE AN ATTACK

$500M

AVERAGE POST-ATTACK NOTIFICATION COSTS FOR REGULATED ORGANISATIONS

39%

AMOUNT OF LOST CORPORATE REVENUE ATTRIBUTED TO ATTACKS
Long-Term Costs

76%

CUSTOMERS WHO WOULD MOVE BUSINESS AWAY FROM COMPANIES AFTER AN ATTACK

$250MM+

SEVERAL COMPANIES’ RECENT TOTAL LOSSES FROM A SINGLE ATTACK

$1.7 TRILLION

ESTIMATED COST OF CYBERATTACKS IN 2016
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