Cyber Security Breach Statistics

Here are some very sobering facts when it comes to corporate cyber security:

  • 60% of companies that suffer a major cyber security breach are out of business in 6 months
  • Downtime costs are approximately 3.4 times more than the cost to recover from a cyber security breach
  • It is estimated that up to 85% of all cyber security breaches are due to inappropriate staff actions
  • The average time to detect a breach is over 6 months. In that 6 months, things can get a lot worse

Why do staff cause most cyber security breaches? It's simply because they aren't suitably trained to identify and deal with IT threats. And it's never a matter of "if" it will happen, but "when" it will happen. The question is how much damage will it do to your company, and unfortunately it's usually a lot.

There are a number of costs to consider for a cyber security breach:

  • An outage means unproductive staff
  • Any damage to IT systems and software must be repaired
  • Any lost data must be recovered (if it can be)
  • Damage to reputation is often incurred from impacted customer service
  • Customers will leave during outages, and because they no longer trust you to look after their data

The sad reality is that the cost of a cyber security breach when considering all these factors is significant, and even catastrophic.

Stafff are your biggest IT security target, but they can be your biggest IT security asset in 2 hours!

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