Discover how enterprise security solutions can help you address the core systems and business process-related activities that drive a range of expenditures associated with a company’s response to cyber crime.
The cost framework for cyber crime includes:
• The costs related to dealing with the cyber crime (internal cost activity centers): detection, investigation and escalation, containment, recovery and ex-post response.
• The costs related to the consequences of the cyber attack (external consequences and costs): information loss or theft, business disruption, equipment damage, and revenue loss.
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There is significant variation in total cyber-crime costs among participating companies. The US sample reports the highest total average cost at $15 million and the Russian sample reports the lowest total average cost at $2.4 million. It is also interesting to note that Germany, Japan, Australia and Russia experienced a slight decrease in the cost of cyber-crime over the past year. The percentage net change between FY 2015 and FY 2014 is 1.9 percent.
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This reports show you a positive relationship between the time to contain an attack and organizational cost. The average time to resolve a cyber-attack was 32 days, with an average cost to participating organizations of RUB 14.2 million during this 32-day period. Results show that malicious insider attacks can take approximately 57 days on average to contain. Learn more and draw important conclusions for the safety of your organization.
Discover how your enterprise security expenditures can be affected by cyber crime attacks and how you can prepare your organization to properly address these issues.
The 5 internal cost activities include:
• Detection: Enabling an organization to reasonably detect cyber attacks.
• Investigation and escalation: Activities necessary to uncover the source, scope, and magnitude of incidents.
• Containment: Activities that focus on stopping the severity of cyber threats.
• Recovery: Repairing and remediating business process activities.
• Ex-post response: How to minimize potential future attacks.
Discover how you can improve your enterprise security by better understanding the cost of cyber crime. It can help you determine the appropriate amount of investment and resources needed to prevent or mitigate the consequences of a cyber attack.
The number of cyber attacks against Japanese companies continues to grow in frequency and severity. This year, cyber attacks successfully targeted various universities including Ehime University, the University of Yamanashi, Fukuoka University and others. SMBC Nikko Securities, Inc. also suffered an attack that disrupted access to its web services.
Discover the current state of enterprise security and draw important conclusions from the total costs organizations incur when responding to cyber crime incidents.
According to the Australian Signals Directorate, the most commonly targeted sectors are banking and finance, resources and energy, defense capability and telecommunications. Last year, the Australian government opened the Australian Cyber Security Centre to co-locate defense intelligence agencies, the Attorney-General and the Australian Federal Police cyber units.
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Discover how you can use enterprise security intelligence in a war against cyber crime and lower the cost of disruption in your business processes.
This analysis report contains strategic key findings, including:
• Cyber crimes continue to be very costly.
• Cyber crime cost varies by organisational size.
• All industries fall victim to cybercrime, but to different degrees.
• The most costly cyber crimes are those caused by denial of services, malicious insiders and web-based attacks
• Recovery and detection are the most costly internal activities.
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Discover how you can improve enterprise security with knowledge on what a successful cyber attack can cost your organization.
The number of cyber attacks against US companies continues to grow in frequency and severity. Recent cyber attacks include Anthem Blue Cross and Blue Shield, United Airlines and American Airlines. The Office of Personnel Management sustained an attack that resulted in the theft of information about more than 4.2 million federal employees and attacks against the Internal Revenue Service resulted in the theft of personal information about more than 100,000 taxpayers.
