News Technology17 Jul 2019

Cyber attacks hit businesses hard with nearly $5m losses:Study


Businesses in China, Japan and India are seeing an estimated average loss of nearly 10% of their revenue due to cyber attacks, revealed a new report from global research initiative titled 'The Cybersecurity Imperative'. In fact, annual losses from cyber attacks globally averaged $4.7m in the last fiscal year with over one in 10 firms losing over $10m. This highlights that most companies across industries and regions are witnessing a greater volume of cyber attacks and higher losses per incident.

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