Security News > 2021 > June > Cybersecurity study: SolarWinds attack cost affected US companies an average of $12 million

New survey finds that the attack also motivated more information sharing within the industry and improved supply chain security.

The good news is that security teams are beefing up network defenses, but the bad news is that most companies have recently suffered a cybersecurity incident that required a board meeting.

Significant impact: 31%.Slight impact: 39%.Small impact: 15%.No impact: 15%. The survey asked about the financial impact of the attack and found that the average impact was 11% of annual revenue or about $12 million per company.

Companies in the U.S. reported an average of a 14% impact on annual revenue with the averages in the U.K. and Singapore at 8.6% and 9.1% respectively.

The survey found that 67% of companies have started to share information with tech industry colleagues, and 50% started sharing more information with government leaders.

The attack also forced companies to rethink supply chain security with 42% of companies having already modified supply chain security, according to the survey.

News URL

https://www.techrepublic.com/article/cybersecurity-study-solarwinds-attack-cost-affected-us-companies-an-average-of-12-million/#ftag=RSS56d97e7