An Email Attack Can End Up Costing You Over $1 Million
HelpNet Security, February 10th, 2023
75% of the organizations had fallen victim to at least one successful email attack in the last 12 months, with those affected facing average potential costs of more than $1 million for their most expensive attack, according to a new Barracuda Networks report.
The fallout from an email security attack can be significant. The most widely reported effects were downtime and business disruption (affecting 44% of those that had been hit), the loss of sensitive, confidential, and business-critical data (43%), and damage to brand reputation (41%).
There were notable differences between industries. For example, financial services organizations were particularly affected by the loss of valuable data and money to attackers (cited by 59% and 51% of victims, respectively), while in manufacturing the top impact was the disruption of business operations (53%). For healthcare institutions, the recovery costs involved in getting systems up and running again quickly were the most significant (44%).