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Business Hit with Six-fold Increase in Cybersecurity Losses in Past Year

Art Post · 6/22/209:59 PM

A recent study by insurer Hiscox has revealed a six-fold increase in cybersecurity losses among businesses targeted in the past year, increasing from a median $10,000 (£8,051) per firm to $57,000 (£45,892). The international study, using findings from 5,569 companies across eight countries, shows a $1.2 billion rise in cyber losses to almost $1.8 billion, with the most heavily-targeted sectors being financial services, manufacturing and technology, media and telecoms (TMT). However, there...

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Business Hit with Six-fold Increase in Cybersecurity Losses in Past Year

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