The annual losses from cyber attacks are estimated at many millions of dollars. A new survey of ESI ThoughtLab and Willis Towers Watson showed that one in ten (or more) companies loses over 10 million dollars a year due to attacks on Internet.
The research involved 467 businesses of various domains, in 17 countries. The results showed that attacks cyber-targeting companies around the world and so an increase in investment (34%) in security is expected next year. About 12% of the companies that participated in research, said they intend to increase them investments their cyberspace by 50%.
Businesses are beginning to realize that this is necessary as attacks are becoming more frequent and dangerous. In particular, there was a significant increase in the percentage of companies affected by an attack. Last year the rate was 57%, while this year it was 71%.
It was also observed that in addition to the increase in the number of attacks, their "intensity" increased. Companies suffer much greater losses. According to the study, Chinese, Japanese and Indian companies estimate that they lose about 10% of their revenue from the attacks.
“Countries like India are at a higher level risk, as companies place great emphasis on technological innovation, such as the Internet of Things and Artificial Intelligence, making the data more accessible to attackers, "said one researcher and went on to say that companies are not focusing on safety despite the increased risks.
Companies should focus on defense, threat identification, employee training and application an integrated approach to risk management.
Researchers argue that companies need to be proactive and protect their systems at many levels. Most businesses believe that to cope with them threats must invest in advanced technological systems. However, this is not enough. They need to invest in the right people. In professionals that will help them protect their systems.