CYBERSECURITY
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“<br />
The likely annual<br />
cost to the global<br />
economy from<br />
cybercrime is more<br />
than $400billion 5<br />
“<br />
PricewaterhouseCoopers (PwC) found in its 2016 survey of<br />
more than 10,000 industry participants that there were an<br />
estimated 59.1million cybersecurity incidents globally in 2015,<br />
representing a 38% increase from the previous year. 6 From<br />
2009 to 2015 the number of cybersecurity incidents grew at a<br />
compounded annual rate of 61%. At the same time, the average<br />
cost of cyber-attack to an organisation is on the rise, increasing<br />
from $7.2million in 2013 to $7.7million in 2015 according to<br />
the Ponemon Institute. So the breadth of security attacks is<br />
NUMBER OF SECURITY INCIDENTS (MILLIONS)<br />
Average cost of breach per organisation Number of Incidents (Millions)<br />
increasing, as well as the cost. 7<br />
3.4 9.4 22.7 24.9 28.9 42.8 59.1<br />
2009 2010 2011 2012 2013 2014 2015<br />
Source: PwC 2015/16, Global State of Information Security<br />
AVERAGE COST OF DATA BREACH ($ MILLIONS)<br />
2015<br />
2014<br />
2013<br />
Source: Ponemon Institute 2015, Global Cost of Data Breach<br />
$7.7<br />
$7.6<br />
$7.2<br />
6.9 7.0 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8<br />
5<br />
McAfee (2014) Net Losses: Estimating the Global Cost of Cybercrime, June 2014<br />
6<br />
PwC (2016) The Global State of Information Security Survey 2016 – Turnaround and transformation in cybersecurity<br />
7<br />
Ponemon Institute (2016) 2016 Cost of Data Breach Study: Global Analysis, June 2016<br />
Amity Insight September 2016 5
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