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Information and Data Security

The Cost of Cyber Crime

Despite widespread awareness of the impact of cybercrime, cyber attacks continue to occur frequently and result in serious financial consequences for businesses and government institutions.

Cyber crimes can do serious harm to an organisation’s bottom line. A study conducted by the Ponemon Institute found that the median annualised cost of cyber crime across the 45 organisations is their study amounted to £2.35 million per year, ranging from £600K to £32 million per annum per company.

Cyber attacks have become common occurrences.

In a benchmark sample of 45 organisations each experienced 50 discernible and successful cyber attacks per week, which translates to more than one successful attack per company per week.

The most costly cyber crimes are those caused by web attacks, malicious code and malicious insiders, which account for more than 90 percent of all cyber crime costs per organisation on an annual basis.

Ascot Barclay Business Security Solutions

Cyber attacks get costly if not resolved quickly - the average time to resolve a cyber attack is 14 days with an average cost to the organisation of £10,638 per day. Malicious insider attacks can take up to 42 days or more to resolve. This does not include the cost of lost data, reputational damage or distribution of trade secrets. Ascot Barclay provide the expertise and services necessary to reduce risk and the expensive cost of a malicious attack or the lack of the necessary internal procedures and safeguards – contact us now to discuss your needs we may just have the answer you are

For further information about how Ascot Barclay can enhance your business or project:

Telephone: 020 7608 5770

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