in ,

Grant Thornton: Cyber Attacks Cost Businesses $315M Over Past Year

Grant Thornton: Cyber Attacks Cost Businesses $315M Over Past Year - top government contractors - best government contracting event

dhs-cyberA new Grant Thornton report estimates the total cost of cyber attacks to businesses worldwide in the past 12 months has reached $315 billion.

One in six businesses have experienced cyber attacks during that period with companies in Europe and North America as among the top targets, Grant Thornton said Sept. 22.

Grant Thornton surveyed 2,500 business leaders in 35 economies for the study.

Paul Jacobs, global lead of cybersecurity at Grant Thornton, said the research also shows that 74 percent of respondents are most concerned about potential threats to the financial services sector.

“At the other end of the spectrum, only 10 percent of transport firms globally have reported a cyber attack in the past 12 months and just 27 percent perceive it as a threat,“ Jacobs ADS_cyber_200x200added.

More than half of respondents say they have a cybersecurity strategy in place.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Cybersecurity News

mm

Written by Jay Clemens

IBM's Andras Szakal, Dan Chenok Overview FedRAMP's Mobile Offerings - top government contractors - best government contracting event
IBM’s Andras Szakal, Dan Chenok Overview FedRAMP’s Mobile Offerings
DigitalGlobe Aims to Help Address Climate Change with Data Tech; Taner Kodanaz Comments - top government contractors - best government contracting event
DigitalGlobe Aims to Help Address Climate Change with Data Tech; Taner Kodanaz Comments