![]() For the retail industry, this loss triples to nine percent within only 30 days of the breach announcement. If companies have a data breach caused by stolen credentials, they can lose up to three percent of their overall market value long-term.Percent of Manufacturers With Data Breaches in 2020 73 percent of these incidents were motivated by financial incentives, while with 27 percent of these incidents, the motive was espionage 4. In the manufacturing industry specifically, malware that stole credentials and dumped passwords created 922 cybersecurity incidents in 2020.However, for the U.S, the average cost was the highest worldwide at $8.64 million 3. Internationally, the average cost of a data breach in 2020 for businesses was $3.86 million, according to IBM.For businesses, hackers can start disinformation campaigns against companies, sharing their data with competitors and storing it for a ransom 1.Ĭompromised passwords caused 80 percent of all data breaches in 2019 2, resulting in financial losses for both businesses and consumers.Identity theft can result in further financial losses or difficulty getting loans or employment. They will use this information either to steal money from the user directly or to steal their identity. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |