Cyberattacks now cost at least $1M per incident!

DarkReading.com reported that “Organizations are struggling with mounting data losses, increased downtime, and rising recovery costs due to cyberattacks — to the tune of $1.06 million in costs per incident. Meanwhile, IT security staffs are stalled on getting defenses up to speed.” The November 17, 2022 article entitled “Zero-Trust Initiatives Stall, as Cyberattack Costs Rocket to $1M per Incident” (https://www.darkreading.com/endpoint/zero-trust-initiatives-stall-cyberattack-costs-1m-per-incident) included the comments about the “2022 Dell Global Data Protection Index (GDPI) survey of 1,000 IT decision-makers across 15 countries and 14 industries, which found that organizations that experienced disruption have also suffered an average of 2TB data loss and 19 hours of downtime:

Most respondents (67%) said they lack confidence that their existing data protection measures are sufficient to cope with malware and ransomware threats. A full 63% said they are not very confident that all business-critical data can be reliably recovered in the event of a destructive cyberattack.

Their fears seem founded: Nearly half of respondents (48%) experienced a cyberattack in the past 12 months that prevented access to their data (a 23% increase from 2021) — and that's a trend that Colm Keegan, senior consultant for data protection solutions at Dell Technologies, says will likely continue.

No surprises in this Dell Report!