Hiscox

Among organizations that have experienced an attack, 30% report a negative impact on financial performance, valuation or credit rating.

On average, cyber incidents now cost organisations around $52,000 annually.

Among organizations that have experienced an attack, 31% cite increased staffing or external expertise costs.

Nearly one-in-three organisations globally (29%) have been hit by at least one successful cyber attack in the past 12 months, with those affected reporting an average of four incidents over the same period.

Cyber incidents cost approximately 32 hours of operational disruption on average.

Among organizations that have experienced an attack, 32% report delays to growth and expansion or new business initiatives.

Reputational damage or loss of customer/client trust now rank as the most significant risk following a cyber attack for nearly half of businesses (48%)

17% of organizations identify AI tools and software as an entry point for successful cyber attacks.

Businesses are investing on average around $51,000 a year in strengthening their cyber resilience.

69% of organizations report employee burnout, high stress or a toxic workplace culture following a cyber attack.

51% of organizations are investing in new software and tools.

Among organizations that have experienced an attack, 29% have lost business opportunities or partnerships as a result of a hack.

55% of organizations are hiring additional cyber security personnel.