2017 cost of cyber crime study · 2017. 11. 6. · chains and services that span the security...

COST OFCYBER CRIMESTUDYINSIGHTS ON THESECURITY INVESTMENTSTHAT MAKE A DIFFERENCE

2017

NUMBER OF SECURITY BREACHES IS RISING…

Average annualized cost of cyber crime (USD)

$11.7MAverage number of security breaches each year

130

+91%Percentage increase over last five years

+47%Percentage increase over last five years

…AND SO IS SPEND

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THE FINANCIAL CONSEQUENCE OFA CYBER ATTACK IS WORSENING


THE FINANCIAL CONSEQUENCE OF A CYBER ATTACK IS WORSE IN ALL COUNTRIES


FINANCIAL SERVICES HAS THEHIGHEST COST OF CYBER CRIME


RANSOMWARE ATTACKS HAVE DOUBLED WITH WEB-BASED, BOTNET AND DOS ATTACKS RISING


MALICIOUS CODE AND RANSOMWARE ARE TAKING LONGER TO RESOLVE


MALWARE AND WEB-BASED ATTACKS ARE THE TWO MOST COSTLY ATTACK TYPES


INFORMATION THEFT REMAINS THE MOST EXPENSIVE CONSEQUENCE OF ATTACKS


COMPANIES NOW SPEND THE MOSTON DETECTION AND CONTAINMENT


AI AND ADVANCED ANALYTICS ARE LEAST DEPLOYED SECURITY TECHNOLOGIES


INVESTMENT IS BEING MISDIRECTED TOSECURITY CAPABILITIES THAT DON’T DELIVERTHE POSITIVE OR NEGATIVE VALUE GAPSASSOCIATED WITH SECURITY INVESTMENTS


PRIORITIZE BREAKTHROUGH INNOVATIONS LIKE AI AND ANALYTICS

Organizations need to:

1. Better balance investments in security technologies

2. Use compliance technology—but don’t bet the business on it

3. Grasp the innovation opportunity

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50 days Average time to resolve malicious insiders attack

23 days Average time to resolve a ransomware attack


WE RECOMMEND THREE STEPS TO IMPROVE CYBERSECURITY EFFECTIVENESS

Build cybersecurity on a strong foundationInvest in the basics but also innovate

Undertake extreme pressure testingIdentify vulnerabilities more rigorously

Invest in breakthrough innovationEnhance program effectiveness and scale value

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ABOUT THE RESEARCH

2,182interviews

7countries

AustraliaFranceGermanyItaly

JapanUnited KingdomUnited States

254companies

8-yearresearch program

Jointly developed by:

Examining the economic impact of cyber attacks

About Accenture

Accenture is a leading global professional services

company, providing a broad range of services and

solutions in strategy, consulting, digital, technology

and operations. Combining unmatched experience

and specialized skills across more than 40 industries

and all business functions—underpinned by the

world’s largest delivery network—Accenture works

at the intersection of business and technology

to help clients improve their performance and

create sustainable value for their stakeholders.

With approximately 411,000 people serving clients

in more than 120 countries, Accenture drives

innovation to improve the way the world works

and lives. Visit us at www.accenture.com

About Accenture Security

Accenture Security helps organizations build

resilience from the inside out, so they can

confidently focus on innovation and growth.

Leveraging its global network of cybersecurity labs,

deep industry understanding across client value

chains and services that span the security lifecycle,

Accenture protects organization’s valuable assets,

end-to-end. With services that include strategy

and risk management, cyber defense, digital

identity, application security and managed security,

Accenture enables businesses around the world

to defend against known sophisticated threats,

and the unknown. Follow us @AccentureSecure on

Twitter or visit the Accenture Security blog.

Learn more:http://accenture.com/security

2017 cost of cyber crime study · 2017. 11. 6. · chains and services that span the security...

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