A recent study disclosed that over the past four years, the average cost of an insider cybersecurity attack has increased dramatically by 40%.
In addition, the average annual cost of these cyberthreats has increased over the past 12 months, reaching $16.2 million per incident.
The highest costs arise after the attack has taken place, thus businesses globally should prepare their prospective responses now in order to incur the least amount of financial loss.
The new research states that “insider” attacks can be either malicious (espionage, IP threat, sabotage, or fraud) or non-malicious (when an insider is careless, mistaken, or outsmarted). The study titled ‘2023 Cost of Insider Risks Global’ was released by the data privacy-focused Ponemon research centre and funded by insider cybersecurity company DTEX Systems.
It reveals that insider risks are increasing, and not simply in terms of how much each attack costs. In 2023, there were a total of 7,343 insider incidents, up from just 6,803 the year before.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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