Cyber-attacks are on the rise, and the cost is increasing along with them. It’s estimated that the average cyber-attack will reach $22 million in 2022.
More businesses are becoming targets due to weak security controls.
What does this mean for your company? Cyber-attacks can have a devastating impact on businesses, costing them millions of dollars in damages. In order to protect themselves, businesses need to be aware of risks and take steps to mitigate them.
The cost of cyber-attacks is on the rise, and for good reason. As technology advances, so do the methods that hackers use to exploit it. Also, businesses are more dependent on technology than ever before, making them a prime target for cyber-attacks.
The cost to remediate a ransomware claim has continued to rise over the last few years, increasing 10.5% to $333K*.
Email compromise can lead to phishing attacks ($89K* average loss) and funds transfer fraud ($118K* average loss)
Does your company have the resources to recover from a cyber-attack?
Find out where your company is vulnerable. Get your complimentary Cyber Vulnerability Assessment Contact Us.
*Statistics sourced from Coalition’s 2022 Cyber Claims Report.