Information security and cybercrime survey 2013
€135,000 is the average cost of a cybercrime incident to Irish companies
The 2013 Irish Information Security and Cybercrime survey, in association with EMC, also shows that cybercrime costs Irish organisations, on average, 2.7% of annual turnover.
The findings show that cybercrime costs Irish organisations, on average, 2.7% of annual turnover, with the average cost of a cybercrime incident costing Irish organisations €135,000 over the past year.
In addition to the costs associated with cybercrime, the number of security breaches experienced by organisations is also significant. 40% of respondents stated that their organisation has experienced at least one security breach, which they know of, in the past 12 months. While over a quarter (28%) are unsure of how many security breaches their organisation experienced.
A proactive approach to cybercrime is important for organisations to ensure undetected incidents do not cause exponentially greater damage over a sustained or extended period of time. 45% of respondents believe their organisation proactively identified just over 40% of serious incidents, an alarming drop from 58% in 2012. Additionally 44% of respondents regard their information security policy as proactive while 47% consider their policies reactive.