Cyber attacks by malicious insiders cost UK firms nearly $200,000 on average: Study
Posted On: Dec. 5, 2017 4:23 AM CSTA study by U.S.-based research firm Ponemon Institute L.L.C. found that cyber attacks involving malicious insiders cost U.K.-based firms an average of £144,501 ($195,228) while distributed denial of service attacks cost £96,668 per incident in 2017, Computerweekly.com reported. The study found that business disruption and information loss accounted for 75% of the losses. Rick Hemsley, managing director at cyber security firm Accenture Security, said that the average ransomware attack could cripple a firm's operations for as long as five weeks.