Cyber Attacks and Increasing Costs for the Companies

Cyber attacks are not only increasing in recent times but also they are demanding more time and budget to be identified and properly managed. Knowingly or unknowingly, a startup or medium sized company will need to use any form of Cloud Computing Service Model. Advanced Persistent Threat, IP Spoofing becoming more common cyber crimes in the age where everything can be defined by the softwares. Governmental spyware activities added a newer headache to the privacy. Defending company’s business critical data both from the Governmental Employees and from the Hackers gradually increasing the recurrent costs.

Cyber Attacks and Increasing Costs for the Companies

In a recent study commissioned by HP Enterprise Security and done by Ponemon Institute has shown revealed a worrying trend on corporate security and cyber attacks : the most significant is undoubtedly the increase in the operating cost and cost for the damage repair; compared to five years ago, the increase is as high as 96%.

Also the time required to locate and fix the problem, respectively, became 170 and 45 days (compared to the previous 32). The most popular methods used by cyber criminals are DDoS attacks, malicious code insertion (55% of the total).

Mainly theft of the sensitive data increasing the bill to engage a security team. Following this, 38% of the followup find the losses resulting from business interruption and loss of productivity – e-commerce giant Amazon, for example, estimated a loss of about $ 5 million as a result of a downtime of 40 minutes.

Cyber Attacks and Increasing Costs for the Companies

Senior vice president and general manager of HP Enterprise Security Products, has made ‹‹some statements about the report to the applicant and issue of corporate security. A key to which we should pay particular attention is the preservation and protection of important data – using security team in charge of constantly monitoring the network and paying attention to every little unusual or suspicious activity actually decreases the cost in long run.

Appropriate protocols that establish protection to the files, even in the cloud, should also be taken to make the whole system more efficient before the attack takes place.