CDSA

Cyberattacks Now Cost Businesses an Average of $1.1M (Tech Republic)

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The average estimated cost of a cyberattack on an enterprise was $1.1 million in 2018—up 52% from the year before, according to a Tuesday report. For companies with a formal cost calculation process, that estimate rises to $1.7 million, the report found, with the top impacts being operational/productivity loss (54%), negative customer experiences (43%), and brand reputation loss (37%).