Companies losing nearly $2 million per malware incident

By
Follow google news

Disruption from internet worms, viruses or spyware is costing companies almost $2 million in revenue per incident, according to a report released Tuesday by market-research firm Aberdeen.

Companies are increasingly using the internet for sales, customer service, procurement, sourcing, distribution, and fulfillment, the Boston-based firm said.

"Average revenue losses, not recovery costs, are driving firms to do something about business downtime from internet business disruptions," Jim Hurley, Aberdeen vice president of risk, security and compliance, said in a prepared statement. "Increasing usage of the internet for these core business functions means that business disruptions from internet security can seriously impact a company's revenue."

www.aberdeen.com

 

Add iTnews as your trusted source

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:

Most Read Articles

Node2Shell flaw embedded in apps and dev tools far beyond Node.js

Node2Shell flaw embedded in apps and dev tools far beyond Node.js

Critical flaws strike PHP as disclosure embargo is broken

Critical flaws strike PHP as disclosure embargo is broken

Fixes for Google Brotli flaw arrive for Microsoft .NET, PHP and Linux

Fixes for Google Brotli flaw arrive for Microsoft .NET, PHP and Linux

Parliamentary Information and Cyber Resilience upgrade has $40m budget

Parliamentary Information and Cyber Resilience upgrade has $40m budget

Log In

  |  Forgot your password?