Security News > 2021 > January > Most network outages exceed $1 million in damages

The report reveals a disruptive year of workforce transformation forced by the COVID-19 shutdowns during which respondents also handled expensive fallouts from network outages and data breaches.

The majority of network outages exceeds $1 million in damages: 60% of network outages cost at least $1 million in operational disruptions, reputational damage, lost data, and financial losses.

Networking and security challenges are inter-connected: 40% said preventing network outages was their top cybersecurity challenge, edging out the hiring and retention of qualified IT staff and securing cloud application data.

Respondents rated network monitoring and threat intelligence as the most effective technologies for mitigating these challenges.

Costs of network outages extend beyond direct financial damages.

Respondents also indicated that the costs of network outages extend far beyond direct financial damages.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/uP2Atijl3Qg/