Kaspersky Highlights Information Security In Loss Figures

To budget for information security, companies need to consider factors such as average potential losses, preferably by incident type, as well as other businesses’ average,  outlays on security, Says the latest security report from Kaspersky.  Precise data on such questions do not get published, and that’s one reason the company conducts an annual survey of employees who make business decisions related to IT security for a variety of companies. And the results of the 2019 survey are available.


Compared with the results of last year’s survey, enterprise businesses’ losses have increased. Where previously an incident cost them an average of $1.23 million, now the average loss is $1.41 million. This growth is partly a result of companies now spending more on third-party experts and PR drives aimed at softening the blow to the firm’s image.


It is likely that spending on PR has increased because of an overall tightening of laws requiring companies to publicly report incidents. This is particularly relevant in the case of data leaks. Today, current and potential clients or partners are certain to find out about incidents, and they worry about their data potentially falling into cybercriminals’ hands. The issue is not limited to large companies: According to respondents, 36% of enterprises and 31% of small businesses ran into PR problems as a result of leaks.


Interestingly,  the small business segment has experienced a reverse of that trend, with the average cost of an incident falling from $120,000 to $108,000, with outlays for compensation as well as security tools, both software and infrastructural, decreasing.


You’ll find a detailed breakdown of specific items of corporate financial loss as a result of cyberincidents in the full report, available for download below.


For the full report go here .

more news

Secure Working From Home During Coronavirus


In the wake of the coronavirus, many organisations internationally are allowing people to work from home to lessen the risk of contagion, but is this wise from a cybersecurity point of view? While companies generally have a cybersecurity policy in place that governs the use of anti-virus and firewall protection, individuals without any tech knowledge could fall foul of cybercriminals.

read more

Crypto Miners, Targeted Ransomware Dominate the Threat Landscape


Twenty-eight per cent of all organisations worldwide were impacted by malicious multi-purpose botnets and targeted ransomware attacks rose by 20% according to Check Point Research, the Threat Intelligence and Research arm of Check Point Software.

read more

Kaspersky's Top 7 Mobile Security Threats in 2020


Mobile device security threats are on the rise. In 2014, Kaspersky detected almost 3.5 million pieces of malware on more than 1 million user devices.

read more

SEC Releases Guide To Combat Cybersecurity Threats


The Securities and Exchange Commission has released a guide to best practices to combat cybersecurity infractions, data loss and privacy breaches.

read more