Washington: The cyberattacks on US organisations have doubled over the past three years, a study conducted by the Ponemon Institute and sponsored by Hewlett-Packard showed.
The study released on Monday said most attacks involve malicious code, denial of service, stolen or hijacked devices, or “malevolent insiders.”
“The occurrence of cyberattacks has more than doubled over a three-year period, while the financial impact has increased by nearly 40 percent,” it said, according to AFP.
Organisations are experiencing 102 successful attacks per week, according to the study. The number was 72 per week in 2011 and 50 per week in 2010.
Among the organisations surveyed which were hit by successful cyberattacks, the average losses was $8.9 million, up six percent from 2011 and 38 percent increase over 2010.
“Organisations are spending increasing amounts of time, money and energy responding to cyberattacks at levels that will soon become unsustainable,” said HP’s Michael Callahan.
Information theft accounts for 44 percent of losses, while lost productivity accounted for 30 percent.
The average time to resolve a cyberattack is 24 days, but it can take up to 50 days, according to the new study.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription