A truism among security professionals is that it’s a matter of when, not if a cyberattack will impact your business. This reality has certainly been on display in recent months, as several headline-making ransomware attacks hit major companies, including Colonial Pipeline. In that attack, the nation’s gas supply was temporarily impacted, and Colonial paid more than $4 million in cryptocurrency as a ransom.
Experienced security leaders know how devastating cyberattacks can be beyond just headlines and bad PR. As the Colonial incident showed, a successful attack can be a productivity-killer and can cost millions of dollars in mitigation and recovery. In IDG’s new Global Intelligence Report on Cybersecurity, 46% of the more than 2,700 organizations surveyed suffered economic damage from a cyberattack, with measurable impact ranging from work interruptions or production downtime (47%) to a complete shutdown of the business (15%).
To read this article in full, please click here
Support the originator by clicking the read the rest link below.
