Businesses suffer brand damage, loss of productivity, and vicious costs of cyberattacks

Cyberattack cleanups now come with a sticker shock: increase of 52% now brings the estimated amount to $1.1 million, with potential to increase even further, to a staggering $1.67 million, according to a recent Radware’s 2018-2019 Global Application and Network Security Survey Report, which analyzed vendor-neutral data from 790 IT executives.

Cyberattacks not only kill your productivity and revenue, but also your damage brand.

37% of survey respondents saw reputation loss following an attack, resulting in negative customer experiences and loss of clients. More than 3/4 of respondents that experienced a cyberattack reported 43% negative customer experience , and 54% productivity loss due to service disruption.

Data leakage and loss continue to be the biggest threat to businesses.

More then a third of cyberattacks have information theft as their goal, and the number of organizations under attack grows consistently. Only 7% of respondents claimed not to have experienced a cyberattack at all.

Attackers are not just stealing data, they use it to access your network and your sensitive information online. What are they after?

  • User Logins, IDs and passwords
  • Privilege and Authorization credentials
  • Customer personal identifiable information (PII)
  • Intellectual property
  • Human Resources and Employee Data
  • Financial data of your customers
  • Financial data of your organization

What types of attacks are most common?

HTTPS floods and DNS and burst attacks are on the rise, and expected to grow in 2019. Application-layer attacks still cause significant damage. A 1/3 of respondents expect  application vulnerabilities to be a big concern in the coming year.

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