Cost Of Cybersecurity 2019

Organizations spend more than ever to deal with the costs and consequences of more sophisticated attacks the average cost of cybercrime for an organization increased us 1 4 million to us 13 0 million.

Cost of cybersecurity 2019. Looking back at the costs of cybercrime to date. India ranks the cheapest at 0 09 per gb a 65 decrease in price compared to the country s average cost in 2019. Why is data so cheap in india. A significant factor is the country s intense market competition driven by reliance jio a telecom company owned by reliance industries one of the largest conglomerates in india.

The 2018 2019 global application and network security report noted that for those organizations that calculate versus estimate the cost of an attack that number increases to 1 67m. This is an increase of 52 on 2017 2018. According to cyber security firm radware s 2018 2019 global application network security report 4 the average cost of a cyber attack is 1 1 million. By better understanding the impact associated with cybercrime organizations can determine the right amount of investment in cybersecurity.

According to the 2019 cio agenda global cost of cybercrime will reach 6 trillion by 2021 double that of 2015 77 of security leaders anticipate a critical infrastructure breach which could have hazardous repercussions according to black hat 2019 report. No company is immune to a cyber attack. Sixty percent of these companies go. Last month dark reading published a round up of 2019 cyber security spending outlooks from the likes of gartner forrester and informationweek.

Where budgets are increasing and why. The ninth annual cost of cybercrime study helps to quantify the economic cost of cyberattacks by analyzing trends in malicious activities over time. In general they all agree that there are three drivers for cyber security spending. A look at security spending in 2019.

According to the 2019 cost of data breach report from ponemon institute and ibm security the global average cost of a data breach has grown by 12 percent in the last five years to 3 92 million. Top 5 cybersecurity facts figures statistics 2019 2021 ransomware damages to hit 20 billion in 2019 up 57x from 2015 women represent 20 percent of global cybersecurity workforce in 2019 70 of cryptocurrency transactions will be for illegal activity by 2021. Forty three percent are aimed at small businesses. A new report by radware shows that the average cost of a cyberattack now exceeds 1 million.

This was driven by the multi year financial impact of breaches increased regulation and the difficult process of resolving cyber attacks.