2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$5.1 million
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$10.3 million
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$17.8 million
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$16.5 million
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Detailed explanation-1: -It may come as no surprise that as more organizations evolve and scale their digital business models, the median cost of an attack has surged - from $10,000 last year to $18,000 in 2022. The US is bearing the brunt of generally higher cyberattack costs, with 40% of attack victims incurring costs of $25,000 or higher.
Detailed explanation-2: -To further advance its security solutions, Microsoft raised its yearly investment to $4 billion as it announced a cumulative investment of $20 billion over the next five years in 2021.
Detailed explanation-3: -In 2022, the average cost of a data breach has reached a record high of US$4.35 million, according to the 2022 cost of a data breach report by IBM and the Ponemon institute.
Detailed explanation-4: -The global cost of cybercrime was estimated at some 8.4 trillion U.S. dollars in 2022.