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International

Cyberattack losses averaged nearly $5 million per year

September 06, 2019 Reprints

A survey by Willis Towers Watson PLC, U.S.-based think tank ESI ThoughtLab and other organizations found that annual losses from cyberattacks averaged $4.7 million in the last fiscal year, CRN reported. Additionally, companies across the world plan to boost their cybersecurity investments by 34% in the next fiscal year, with around 12% planning to increase the amount by more than 50%.

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Cyberattack losses averaged nearly $5 million per year

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