Our Latest Online Backup Reviews:Vembu SyncBlaze
Industry LinksTools and Graphs
WOBURN, MA – September 13, 2016 – /BackupReview.info/ — Kaspersky Lab today released new research which reveals that on average, a single cybersecurity incident now costs large businesses a total of $861,000. Meanwhile, small and medium businesses (SMBs) pay an average of $86,500. To assess the state of the security landscape in the U.S. and across the world, Kaspersky Lab looked at the attitudes toward security, the cost of data breaches and the losses incurred from incidents.
These findings are from a new Kaspersky Lab report, “Measuring the Financial Impact of IT Security on Businesses,” based on the 2016 Corporate IT Security Risks survey . According to the survey results, nearly half (49 percent) of U.S. businesses, and over half globally (52 percent), assume that their IT security will be compromised at some point. Although businesses may not want to admit it, the research uncovers that many companies have already experienced security threats.
Over the past 12 months, more than a third (34 percent) of U.S. businesses have been affected by viruses and malware causing a loss of productivity and 32 percent have experienced inappropriate IT resource use by employees. When asked about the number of breaches that they have experienced over the past 12 months, 77 percent of U.S. businesses admitted that they have suffered between one and five separate incidents of data loss, leakage or exposure (compared to 82 percent globally).
Although the most frequent cost of a cyberattack is due to the need for additional staff wages, businesses reported significant spending due to lost business opportunities and improvement in IT security.
Some major findings from the survey include:
This lack of awareness and preparation is alarming for what nearly half of U.S. businesses see as an inevitable consequence of the complex technology landscape. Currently 73 percent of companies surveyed in the U.S. say that they are spending less than 20 percent of their IT budget on security. As more and more businesses begin to fear the financial, operational and reputational losses as the result of a cyberattack, more emphasis is being placed on IT security plans to protect the platforms and infrastructures they depend on. This change of perception has seemingly affected three quarters of the respondents in the U.S. (75 percent) who expect to increase their IT security spending over the next three years.
“The survey proves that reaction time post-breach has a direct impact on financial losses,” said Vladimir Zapolyansky, Head of SMB Marketing, Kaspersky Lab. “This is something that cannot be remedied via budget increases. It requires talent, intelligence and an agile attitude towards protecting one’s business. As a security vendor, our goal is to provide tools and intelligence for businesses of all sizes, keeping in mind the difference in ability to allocate security budgets.”
The full report titled, “Measuring the Financial Impact of IT Security on Businesses,” is available at Kaspersky Lab’s website here – https://usblog.kaspersky.com/security_risks_report_financial_impact/
About Kaspersky Lab
Learn more at www.kaspersky.com
For the latest in-depth information on security threat issues and trends, please visit: Securelist | Information about Viruses, Hackers and Spam
Threatpost | The First Stop for Security News
 – Corporate IT Security Risks is the annual survey conducted by Kaspersky Lab in cooperation with B2B International. In 2016 we have asked more than 4000 representatives of small, medium and large businesses from 25 countries on their views on IT Security and real incidents they had to deal with.
Source: Kaspersky Lab
General Tags: SaaS, online backup services, CEO interviews, top rated online backups, online backup, backing up online, cloud computing, software as a service, online backup companies, compare online backups, online file backup, online file storage, online backup reviews, data security, online data backup, online backup news, data storage, online backup providers directory
Like us on Facebook
Sponsored Links:Data Deposit Box Asigra Bacula Systems