cyberattack

  • According to a recent survey, the average cost estimate for cleaning up a cyberattack comes in at around £850,000.
     
    But this is actually a conservative estimate: For those organisations that actually calculate (versus estimate) the real cost of an attack, that number increases significantly to £1.3 million.
     
    How is this calculated and what does it entail? According to the survey:
     

    “Quantifiable monetary losses can be directly tied to the aftermath of cyberattacks in lost revenue, unexpected budget expenditures and drops in stock values,” according to the report. “Protracted repercussions are most likely to emerge as a result of negative customer experiences, damage to brand reputation and loss of customers.”

     
    This doesn't even include the actual costs of repairing the damage and updating existing systems to prevent future incidents.
     
    At Wintercorn we've seen companies large and small suffer an attack because they simply didn't know they were being attacked and didn't know what to do until it was too late. They had no IDS (Intrusion Detection Systems) operating, they had no named person responsible for their website and they didn't bother with updates because "we're not very good with computers".
     
    Some even hosted their corporate websites on $5 per month shared servers with thousands of other sites. This is actually one of the most common routes to an attack and one of the most dangerous to your website, data and brand. 
     

Contact Us

Wintercorn Consulting Limited,

The Union Building,

51-59 Rose Lane,

Norwich, Norfolk,

NR1 1BY

0800 228 9933

Wintercorn Norwich