Cybercrime Costs Organizations Nearly $1.79 Million Per Minute

James Coker / Deputy Editor, Infosecurity Magazine

Rource:https://www.infosecurity-magazine.com/news/cybercrime-costs-orgs-per-minute/

Cybercrime costs organizations an incredible $1.79m every minute, according to RiskIQ’s 2021 Evil Internet Minute Report.

The study, which analyzed the volume of malicious activity on the internet, laid bare the scale and damage of cyber-attacks in the past year, finding that 648 cyber-threats occurred every minute.

The researchers calculated that the average cost of a breach is $7.2 per minute, while the overall predicted cybersecurity spend is $280,060 every minute.