This chapter covered the costs associated with cyber attacks and cybersecurity. It began by analyzing different reports from cybersecurity experts on the costs of cyber attacks. Most of these have shown that an attack today costs a victim organization approximately $3,000,000. With most attacks happening in the US, the average cost of an attack for companies was at $11,000,000. Since this was quite an ambiguous cost, this chapter went through a report by Accenture and laid out the costs for certain attacks.
According to Accenture, the top three costliest attacks are malware attacks, web-based attacks, and DoS attacks. To find further information about the costs of cyber attacks and cybersecurity, the chapter has split these costs into two categories: the costs of an attack and the costs of securing organizations from attacks. In the category of the cost of an attack,...
