Consequences of cybercrime
The number of cybercrimes continues to grow. According to Accenture’s State of Cybersecurity Resilience report for 2021, the number of cyberattacks increased by 31% between 2020 and 2021. The number of attacks per company increased from 206 to 270 in a year. Attacks on companies also affect ordinary people
As many organizations store confidential information and personal data of their customers and users.
One attack, whether it’s a data leak, DDoS attack, infection with a ransomware program or other malware, costs the company an average of $200,000. And according to the insurance company Hiscox, many organizations are forced to completely stop working within six months after the cyberattack.
According to a study on digital identity theft fraud published in 2021 by Javelin Strategy & Research, the annual financial damage from this type of attacks amounted to $ 56 billion.
Thus, cybercrimes lead to serious consequences for both companies and individuals – mainly financial damage, as well as loss of trust and reputational losses.