Cybercrime study from mcafee

Last year's NotPetya attack provided clear examples of how falling victim to cybercriminals can cost businesses dearly, with Reckitt Benckiser , FedEx and Maersk among those facing losses of hundreds of millions due to the impact of system downtime.

See also: Cybercrime and cyberwar: A spotter's guide to the groups that are out to get you. For example, Maersk had to reinstall 4, servers, 45, PCs, and 2, applications , with the need to do so impacting on the shipping firm's ability to do business.

The time, money and resources to reinstall all of those systems had to come from somewhere, so what did Maersk sacrifice in order to restore its business? What didn't you do as a business?

Meanwhile, in the UK, telecommunications provider TalkTalk suffered a high profile data breach after falling victim to hackers in The cost of falling victim to cybercrime is likely to have been detrimental elsewhere.

But those are jobs in the United Kingdom that weren't filled because of cybercrime," said Samani. The report also recommends increased international cooperation in the fight against cybercrime, along with "a requirement for additional resources for investigation and to expand agency resources, and for cybercrime capacity building in developing nations".

Best cheap vacuum cleaner Affordable and reliable too. Best online international business degrees Top picks. Best online nonprofit management degrees Top picks. Additionally, some companies are likely to "conceal their losses and some are not aware of what has been taken, further complicating the attempts to come to a solid estimate.

The study also states that the company "cannot accurately assess the dollar value of the loss in military technology," again because not enough data is available. Much of the page report written by CSIS, a Washington think tank, is an explanation as to why estimating the true cost of cybercrime is so difficult.

But the report, as flawed as it may be, is still an improvement that what was put out in Subscribe to get the best Verge-approved tech deals of the week. Cookie banner We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from.

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By Homeland Security Today. December 7, Reduced Efficiency— As a result of system downtime, organizations lost, on average, nine working hours a week leading to reduced efficiency. The average interruption to operations was 18 hours. Incidence Response Costs— According to the report, it took an average of 19 hours for most organizations to move from the discovery of an incident to remediation.