"Why Cyberattacks Are Getting Quicker and Costlier"

According to the Cybernomics 101 report published Barracuda Networks, the average cost incurred by companies impacted by a cyberattack increased in 2023, as hackers launched more frequent and highly targeted attacks. The report presented findings from a survey of 1,917 Information Technology (IT) security professionals about changes in the threat landscape over the previous year and how their organizations adapt. The average cost of responding to breaches surpassed $5 million for the first time in 2023. This article continues to discuss key findings regarding the rising costs associated with recovering from a cyberattack.

ITPro reports "Why Cyberattacks Are Getting Quicker and Costlier"

Submitted by grigby1