Data-Deposit-Box-DataDepositBox-Online-Backup-Cloud-Data-Remote-Backup

WOBURN, MA – September 19, 2017 — /BackupReview.info/ — Kaspersky Lab announced today a new report from Kaspersky Lab and B2B International, “IT Security: cost-center or strategic investment?” which found that this year, the cost of a cyberattack increased for enterprises in North America.

Based on a survey of over 5,000 businesses across 30 countries, the findings this year reveal that the total impact of a data breach in North America now amounts to $1.3M for enterprises (compared to $1.2M in 2016) and $117K per incident for SMBs. The results also show promising developments in the importance being placed on IT security.

Businesses are starting to view IT security as a strategic investment and the share of budgets spent on IT security is growing, reaching 18 percent compared to 16 percent in 2016. This pattern is consistent across very small businesses as well as small and medium-sized businesses. In 2016, the main reason businesses in North America wanted to increase IT security budgets was due to new business activities/expansion, but this year the increased complexity of IT infrastructure is driving budget increases.

However, while security appears to be receiving a larger proportion of the IT budget pie, the pie itself is getting smaller. For example, the average IT security budget for enterprises globally dropped from $25.5M last year to $13.7M in 2017. This is a concern for businesses, especially given the fact that – unlike IT security budgets – security breaches aren’t getting cheaper to recover from.

Raising IT security budgets on a global scale is only part of the solution, but this allows businesses to take a proactive approach and avoid costly security bills when incidents occur. The top financial loss in North America when a data breach occurs stems from additional staff wages needed for enterprises ($207K), compared to loss of business ($21K) and having to employ external professionals ($21K) for SMBs.

Additionally, the most costly cybersecurity threats to enterprise businesses are the physical loss of devices or media containing data and for SMBs, the most costly threat is targeted attacks. Businesses need to recognize these risks and ensure they have security measures in place to manage these substantial threats to their organizations.

‘’While cybersecurity incidents involving third parties prove to be harmful to businesses of all sizes, their financial impact on a company has the potential to result in twice as much damage,” said Alessio Aceti, head of enterprise business division at Kaspersky Lab. “This is because of a wider global challenge – with threats moving fast, but businesses and legislation changing slowly. When regulations like GDPR become enforceable and catch up with businesses before they manage to update their policies, the fines for non-compliance will further add to the bill.”

To help businesses with their IT security strategies, based on the industry threat landscape and specific recommendations, Kaspersky Lab introduces the Kaspersky IT Security Calculator. This business tool is an ultimate guide to the cost of IT security based on the average budgets being spent (by region, industry and company size), security measures, the major threat vectors, money losses and tips on how to avoid a compromise. The Kaspersky IT Security Calculator and the full North American report, “IT Security: cost-center or strategic investment?” can be found at this webpage.

Kaspersky Lab offers solutions that cover the various needs of SMB and enterprise companies related to endpoint protection, DDoS protection, cloud security, advanced threat defense and cybersecurity services. To learn more about our Next Generation enterprise portfolio and products for small and medium-sized businesses, please visit the official website.

About Kaspersky Lab
Kaspersky Lab is a global cybersecurity company celebrating its 20 year anniversary in 2017. Kaspersky Lab’s deep threat intelligence and security expertise is constantly transforming into security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky Lab technologies and we help 270,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.

Media Contact:
Denise Bertrand
781.503.1836
Denise.Bertrand@kaspersky.com

Source: Kaspersky

 

 

General Tags: cloud computing, online backup reviews, online backup news, software as a service, compare online backups, backing up online, online backup companies, SaaS, CEO interviews, online backup, top rated online backups, data security, online backup services, online backup providers directory, online data backup, online file storage, data storage, online file backup

Like us on Facebook




===========================
Do you like this post? Subscribe to our RSS feed ===========================

Sponsored Links:

Data Deposit Box

Asigra



Share/Save/Bookmark

Related posts:

  1. Kaspersky Lab Survey Reveals: Cyberattacks Now Cost Large Businesses an Average of $861,000
  2. Employees Are One of the Biggest Cyberthreats to Businesses in North America
  3. Kaspersky Lab Survey Finds Average Consumer Loses $418 in Media Files on Devices
  4. Kaspersky Lab Survey: Substantial Increase in Targeted Attacks Against Businesses
  5. Kaspersky Lab Researcher Creates a Free Software Tool for Collecting Remote Evidence After Cyberattacks
  6. Kaspersky Lab Survey: Every Third Company Uses Mobile Devices for Financial Transactions
  7. Kaspersky Lab Survey: Small Businesses Eager for Mobile Technology, But Lack Resources to Ensure Security
  8. Kaspersky Lab Survey: Consumers View Online Communication Tools as Unsecure, Use them Anyway
  9. SkyKick Named One of the Fastest Growing Businesses in North America
  10. Kaspersky Lab Announces Results of 2015 Consumer Security Risks Survey

Tags: ,