{"id":28913,"date":"2019-10-10T11:21:44","date_gmt":"2019-10-10T15:21:44","guid":{"rendered":"https:\/\/www.kaspersky.com\/blog\/?post_type=emagazine&#038;p=28913"},"modified":"2021-07-19T04:47:48","modified_gmt":"2021-07-19T08:47:48","slug":"cybersecurity-economics-report-2019","status":"publish","type":"emagazine","link":"https:\/\/www.kaspersky.com\/blog\/secure-futures-magazine\/cybersecurity-economics-report-2019\/28913\/","title":{"rendered":"The real cost of data breaches in 2019 (and how to avoid them)"},"content":{"rendered":"<p><a href=\"https:\/\/pages.riskbasedsecurity.com\/2019-midyear-data-breach-quickview-report\" target=\"_blank\" rel=\"noopener nofollow\">With 4,000 data breaches reported in the first half of 2019 alone<\/a>, it\u2019s clear that cyberattacks are on the rise. And with the average cost reaching $US 1.41m for enterprise-level companies and $108k for small and medium-sized companies (SMBs), hackers are causing critical damage to businesses all over the globe. So how can you protect yourself, and your business, against cyberattacks?<\/p>\n<h2>Kaspersky\u2019s IT Security Economics in 2019 report has the answers<\/h2>\n<p>Common cybersecurity threats, how much they\u2019ll cost you, and what you can do to defend against them. <a href=\"https:\/\/www.kaspersky.com\/blog\/security-economics-2019\/28838\/\" target=\"_blank\" rel=\"noopener nofollow\">Kaspersky\u2019s IT Security Economics in 2019<\/a> report gives you the state of play from the frontline, with nearly 5,000 interviews with IT professionals from 23 countries. Here\u2019s the topline findings:<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe class=\"youtube-player\" type=\"text\/html\" width=\"640\" height=\"390\" src=\"https:\/\/www.youtube.com\/embed\/nkQoGY1aGIs?version=3&amp;rel=1&amp;fs=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;wmode=transparent\" frameborder=\"0\" allowfullscreen=\"true\"><\/iframe><\/span><\/p>\n<h2>66 percent of all businesses surveyed are investing in specialist IT staff<\/h2>\n<p>Of the 4,900 people surveyed, over half noted that the burgeoning amount of high-profile data breaches has kick-started big IT investments. No surprise then to know that, according to Gartner, worldwide IT spending is <a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2019-10-07-gartner-says-global-it-spending-to-grow-06-in-2019\" target=\"_blank\" rel=\"noopener nofollow\">set to total $3.7 trillion in 2019<\/a>.<br>\n<img decoding=\"async\" class=\"aligncenter size-large wp-image-28916\" src=\"https:\/\/media.kasperskydaily.com\/wp-content\/uploads\/sites\/92\/2019\/10\/10111521\/economics_report_inline-1024x512.jpg\" alt=\"managers\" width=\"1024\" height=\"512\"><br>\nSo, according to the professionals, where should your business be spending your security budget? (That\u2019s assuming you have one.) Among other things, one of the biggest trends is the <a href=\"https:\/\/www.kaspersky.com\/blog\/secure-futures-magazine\/security-operations-center-sme\/28070\/\" target=\"_blank\" rel=\"noopener nofollow\">growing popularity of Security Operations Centers (SOCs).<\/a> And it\u2019s paying off. Enterprise-level businesses who\u2019ve built SOCs \u2013 responsible for monitoring security events and incident response \u2013 estimate financial damage from a cyberattack at $675k, which is less than half the average impact cost for other enterprises ($1.41m).<\/p>\n<h2>Data breaches are costing more now than ever before<\/h2>\n<p>It\u2019s no secret: hackers don\u2019t have a maximum limit. How your business is protected, or more importantly what it\u2019s protecting, dictates how much you can lose. But one thing\u2019s crystal clear: the cost of a data breach is on the rise. So, what price could your business pay? And more importantly, if you don\u2019t get hacked, what would that extra cash buy you?<br>\n<img decoding=\"async\" class=\"aligncenter size-full wp-image-28978\" src=\"https:\/\/media.kasperskydaily.com\/wp-content\/uploads\/sites\/92\/2019\/10\/17111030\/Economics_report_animated_Infographic_Small-1.gif\" alt=\"Economics report\" width=\"760\" height=\"951\"><\/p>\n<h2>Businesses need to take cybersecurity seriously<\/h2>\n<p>Data breaches can happen to any business. But, with insight, intelligence and the right technical solutions, you could dramatically reduce the chances of it happening to you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data breaches can devastate your business. Read Kaspersky\u2019s 2019 IT Security Economics report to find out how to defend against them.<\/p>\n","protected":false},"author":2520,"featured_media":28977,"template":"","coauthors":[3424],"class_list":{"0":"post-28913","1":"emagazine","2":"type-emagazine","3":"status-publish","4":"has-post-thumbnail","6":"emagazine-category-data-breaches","7":"emagazine-category-finance-and-budgets","8":"emagazine-category-trends","9":"emagazine-tag-cyberattacks","10":"emagazine-tag-data-security","11":"emagazine-tag-finance"},"hreflang":[{"hreflang":"x-default","url":"https:\/\/www.kaspersky.com\/blog\/secure-futures-magazine\/cybersecurity-economics-report-2019\/28913\/"},{"hreflang":"en-gb","url":"https:\/\/www.kaspersky.co.uk\/blog\/secure-futures-magazine\/cybersecurity-economics-report-2019\/20302\/"}],"acf":[],"_links":{"self":[{"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/emagazine\/28913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/emagazine"}],"about":[{"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/types\/emagazine"}],"author":[{"embeddable":true,"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/users\/2520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/media\/28977"}],"wp:attachment":[{"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/media?parent=28913"}],"wp:term":[{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.kaspersky.com\/blog\/wp-json\/wp\/v2\/coauthors?post=28913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}