Home Resources Blog For Enterprises, Malware is the Most Expensive Type of Attack

For Enterprises, Malware is the Most Expensive Type of Attack

Admin Globaldots
08.03.2019
image 1 Min read

The cost to companies from malware and “malicious insider”-related cyberattacks jumped 12 percent in 2018 and accounted for one-third of all cyberattack costs, according to new research published today by Accenture and the Ponemon Institute.

Based on interviews with more than 2,600 security and information technology (IT) professionals at 355 organizations worldwide, Accenture’s and Ponemon Institute’s study found that the cost to companies due to malware increased 11 percent, to more than US$2.6 million per company, on average, and the cost due to malicious insiders — defined as employees, temporary staff, contractors and business partners — jumped 15 percent, to US$1.6 million per organization, on average.

Together these two types of cyberattacks accounted for one-third of the total US$13.0 million cost to companies, on average, from cybercrime in 2018, an increase of US$1.3 million in the past year. Similarly, the cost to companies from phishing and from social engineering increased to US$1.4 million per organization, on average.

Read more: Help Net Security

Learn More

What is FinOps? The Complete Guide
Cloud Cost Optimization
Admin Globaldots 31.05.23

While cloud-computing supports immense innovation – providing limitless resources in the pursuit of greater output and agility – public cloud end-user spending is projected to reach a staggering $600 billion this year. Hyperscale cloud vendors remain driving forces behind this growth, having proven their salt as highly strategic launchpads for digital transformation. The competition for […]

Read more
Cloud Cost Optimization: A Strategic Approach to Business Expansion
Cloud Cost Optimization
Admin Globaldots 18.05.23

FinOps is a strategic framework designed to manage and optimize cloud costs effectively. It’s a transformative approach that brings financial accountability to the forefront of the variable spend model of cloud computing. This model allows businesses to gain a firm grip on their cloud expenses, ensuring that every dollar spent is accounted for and utilized […]

Read more
AWS Data Transfer Cost Optimization: Everything You Need to Know
Cloud Cost Optimization
Admin Globaldots 17.05.23

While AWS services provide a wealth of mission-critical services – storing over 2.2 trillion objects in S3 – many organizations are left floundering in the solution’s complex pricing structures. Spanning transfer types and geographies, data transfer costs can be hugely unpredictable and rapidly get out of hand.  Below, we leverage decades of industry experience to […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Book a Demo