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International

Cyber attacks cost banks nearly $2 million on average

June 15, 2017 Reprints

A report by Russia-based cyber security firm Kaspersky Lab Z.A.O. found that a security incident involving a bank's online services costs the affected organization an average of $1.7 million, Silicon.co.uk reported. Financial organizations are particularly at risk from Distributed Denial of Service attacks, which cost the organization more than $1 million to recover from, the report added.

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Cyber attacks cost banks nearly $2 million on average

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