Last year Hewlett Packard sponsored a report on malicious activities online and their impact on businesses. Titled, 2015 Cost of Cyber Crime Study, it was conducted independently by Ponemon Institute and is a very detailed report into to the detrimental effects these attacks can have. If you are running a business it would be worthwhile reading the report and ensure you are suitably protected against potential cyber crime with the assistance of a qualified IT security Melbourne professional.
The study was conducted globally and investigated a range of businesses within the following countries: Germany, Japan, United States, United Kingdom, Russia, Brazil and Australia. Statistics were complied and then separate reports were generated for each country. The United States had the highest total average cost of cyber crime with over $15 million dollars estimated to be lost by the business involved in the study!
In Australia the study found that cyber crime had risen 13% since the previous year. The 28 organisations taking part had an estimated loss of revenue between $792,932 to $18 million. The average cost being estimated at $4.9 million per year! These are extraordinary figures which highlight the need for your business to be suitably protected. An experienced IT support Melbourne technician can conduct a security audit to see where weaknesses are in your system.
Other important findings that the Cost of Cyber Crime Study report found were:
- Cyber crime costs differ between the size of an organisation. Unfortunately small businesses suffer higher costs per capita than larger businesses.
- No industry is exempt from cyber crime. Some of the most targeted organisations include energy and utility services, financial sectors, technology industries, media, consumer products and retail stores.
- Cyber attacks can be very costly to a business is not rectified quickly. Keep in mind the average time to resolve a cyber attack was 31 days. Some malicious attacks may lay dormant to reappear at a later stage, causing more havoc.
To alleviate any worries and be able to focus on running your business successfully and smoothly, leave IT Security Melbourne to the professionals who can close any loopholes in your current system. Don’t let your business become another victim of cyber crime!