There are many variables at play when it comes to analyzing the cost of poor cybersecurity and breaches. Businesses need to stop production and other activities in order to address the event that occurs. This loss in revenue is one such cost of the breach. Another major source of costs associated with a breach involves analyzing your infected systems. Doing so helps you understand what became compromised in the first place. Many companies pay for credit monitoring services, among other cleanup costs, adding to the total. Patching the breached system is also quite costly. So, is purchasing the necessary security so that it does not happen again.

1. A DEEP DIVE
THE COST OF POOR
CYBERSECURITY
THE AVERAGE BREACH COSTS $4.0
MILLION DUE TO BUSINESS DISRUPTION
ARTIFICIAL INTELLIGENCE (AI)
PROVIDED COST MITIGATION
WORTH $3.81 MILLION COMPARED
TO ORGANIZATIONS WITHOUT AI
It is the largest source of cost mitigation
THE COST OF CYBERCRIME
INCREASED 72% FROM 2021 TO 2022
COMPROMISED CREDENTIALS
COST BUSINESSES AROUND $4.37
MILLION
THE COST OF CYBERCRIME IN 2018
WAS AROUND $13 MILLION
In 2017, the average cost of cybercrime
was $11.7 million
BUSINESSES WITH A 0 TRUST APPROACH
SPENT AN AVERAGE OF $1.76 MILLION
LESS COMPARED TO ORGANIZATIONS
WITHOUT THE APPROACH
BREACHES COST $5.9 MILLION
DUE TO INFORMATION LOSS
IN 2018, DISCOVERING A CYBERATTACK
TOOK UP 36% OF THE TOTAL COSTS
ASSOCIATED WITH THE BREACH
https://www.accenture.com/_acnmedia/PDF-99/Accenture-Cost-Cyber-Crime-Infographic.pdf
https://www.ibm.com/reports/data-breach
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