Warning - ENISA, the European Union Agency For Network And Information Security, issued a report in August 2015 that analysed “seventeen cost of cyber attack” studies. In a summary of that work, The Register goes as far as to say "Cyber-crime cost calculations are rubbish."
The impact on your company valuation is also worth considering - and experience of other companies shows your share price might be resilient after a major cyber breach.
As context, you may like to see market analysis of spend on cyber security (typically 5% of IT spend by company, with wide variation between organisations, and growing globally between 8% and 15% per year according to difference analysts). You may also like to consider spend on cyber insurance, which is said to be growing about 30% each year.
If you'd like help calculating potential costs of a cyber attack on your organisation, we can guide you through our curated library of expert reports on Threats, for example including Cost of Cyber Crime on Large Organisations.
Membership gives unlimited access to the Cyber Rescue curated library of expert advice on cyber attacks, including:
- Attack maps, showing live reports of current cyber attacks worldwide
- Response guides, including academic and government advice
- Quotes to help you think about the risks of cyber attack
- Images to help you think about the risks of cyber attack
- Individual guidance for consumers and employees of breached organisations
