Cost of Cyber Incidents Not Large Compared with Other Business Losses
The cost of a typical cyber breach to an American company is much less than generally estimated, providing one possible explanation for why companies do not invest more to improve computer security, according to a new RAND Corporation study.
Researchers found that the typical cost of a breach was about $200,000 and that most cyber events cost companies less than 0.4 percent of their annual revenues. The $200,000 cost was roughly equivalent to a typical company's annual information security budget.