YOU WON'T BELIEVE HOW much the average security incident can cost an organisation. Unless, of course, you have been privileged enough to suffer one.
Kaspersky has worked it out for those of us who have not been tainted with the hacker brush, and found that the cost is large. We could have worked that out ourselves but, hey, we aren't a large security company.
The firm delivers its findings in a True costs of a cyber attack blog post, coming straight in with the big numbers: a breach can cost anywhere between $500,000 and $1.4m in terms of downtime alone.
"When a business suffers from a cyber attack, there is a very clear and immediate cost as a result. Sensitive, confidential information has been compromised. The average direct cost associated with such a data breach for an enterprise with more than 1,000 employees is $551,000," said a Kaspersky chap called Jake Kenny.
"There are many residual costs that you may not think about. An attack often interrupts business continuity, which results in extended periods of downtime for employees while the company is trying to recover. It is estimated that attacked enterprises suffered an average of 23 hours of downtime, resulting in an average loss of $1.4m."
Kenny reckons that the first number would make us gasp, but he does not know us very well. These numbers pale when compared with the misfortunes of US retailer Target, where heads rolled and $162m was flushed down the toilet.
Juniper Research has already spoiled the Kaspersky party here, having released numbers concerning this kind of thing almost nine months ago. Juniper said that cyber crime will cost all industry over $2tn by 2019.
We got the information direct from Kaspersky in the end (no offence Mr Kenny) which revealed that the data is based on a survey of 5,500 companies, 90 percent of which admitted to being hacked. That is bleak. Losses differ depending on the size of the company; small and medium businesses lose less, but are perhaps more at risk from this kind of attack.
"SMBs tend to lose a significant amount of money on almost all types of breach, paying a similar high price on recovering from acts of espionage as well as DDoS and phishing attacks," said Kaspersky.
The Juniper information is also chilling: "As more and more business infrastructure moves online, so do those wishing to destroy or defraud that infrastructure.
"Cyber crime is a growing threat to corporations and consumers, who are increasingly using online methods to run their businesses and lives. With the advent of mobile computing, this is only likely to become more common." µ
We should be shocked, but...
But the search giant has now squashed the bug
But it's not yet available here in Blighty