Losses occuring from cyber attack is growing at a great rate.
According to a new report from Symantec Corp., direct consequences from cyber attacks, such as lost revenue, combined with indirect losses, including brand and reputation damage, cost companies an average of US$470,000 in 2011.
Last October, Applied Research contacted 1,415 IT professionals in 32 countries, 125 of which were from Canada, on behalf of the world’s largest security software maker to produce the 2012 Endpoint Security Best Practices survey.
Attacks against business endpoints — including networks, virtual servers, Websites and physical devices such as desktops, laptops, smartphones and tablet — can have costly, widespread implications.
In the results of a different survey released last September, Symantec found more than 430 million adults globally fell victim to a cyber attack in 2010, accounting for a total of US$388-billion in direct and indirect losses.