Not all cyberattacks are created equal: What researchers learned from 103 ‘extreme’ events
There’s a relatively small swath of cyberattacks mixed among the more common variety that are truly extreme, costing tens of million of dollars and beyond, or exposing millions of records. A report out Tuesday identified a little over 100 that fit that description over the past five years. The researchers learned that these massive events cost a median of $47 million and usually came via straightforward hacks or ransomware. They appear to be growing more frequent, and nation-state hackers are behind them to a surprising degree, the report says. But the report from the Cyentia Insitute, a data science firm, also found that these extreme attacks don’t affect all their targets in the same way. Some cost companies nearly 100 times their revenue, while others were still just a drop in the bucket, costing as little as 0.1 % of their revenue. And the financial, information and manufacturing sectors accounted for more than half of the 103 incidents. “What […]
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