Security

The Risk and Cost of Cyber Attacks - Cisco 2017

February 01, 2017

Get to know the main conclusions of the Cisco 2017 Cybersecurity Report, as well as the main types of cyber attacks and the costs caused by each attack.

According to the Cisco 2017 Annual Cybersecurity Report, more than 1/3 of companies that suffered cybersecurity attacks in the previous year lost more than 20% of their customers, revenue and business opportunities. The Report also concluded that 90% of these companies are improving their defence technology and processes to tackle threats by separating security and IT functions (38%), raising employee awareness through training (38%) and implementing risk mitigation techniques (37%).   Main challenges for companies The most common barriers to protection against cybersecurity attacks identified in the study include limited budgets, poor compatibility between systems and a shortage of professionals. The most common cyber attacks were adware and e-mail spam, the latter reaching record levels in 2016.   The cost of cyber attacks More th...
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