IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Cyber crime costs enterprises £1.2 million

Symantec has claimed businesses are losing an average £1.2 million through cyber attacks.

Cyber crime

Cyber attacks are costing businesses 1.2 million each according to a new survey by security firm Symantec.

The State of the Enterprise Security Report, which questioned 2,000 enterprises globally, also showed that three quarters of respondents has been victims of cyber crime over the past year.

Sian John, a solutions architect at Symantec, told IT PRO that there has been a recent shift in what the ever growing amount of malware is targeting.

"We have been seeing, since 2007, an explosion of malware and there is [a lot of] money to be made out of it," she said.

"We have got the high profile trojan going after consumers but now it is targeting enterprise," she said.

John said that although enterprises had always been targeted, they were becoming "higher profile" as the switch from conning lots of consumers for a small amount moves to aiming for businesses with much more to gain from each transaction.

Most companies seem to be taking the threat seriously as the report showed 42 per cent ranking cyber crime as their top concern rather than traditional crimes, natural disasters or terrorism.

John advised all companies to be on their guard, making sure they have full protection up front and backup all their data.

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Recommended

Hackers could use new Wslink malware in highly targeted cyber attacks
malware

Hackers could use new Wslink malware in highly targeted cyber attacks

1 Nov 2021
FBI raids Chinese POS business following cyber attack claims
malware

FBI raids Chinese POS business following cyber attack claims

27 Oct 2021
Malware developers create malformed code signatures to avoid detection
malware

Malware developers create malformed code signatures to avoid detection

24 Sep 2021
What is a Trojan?
Security

What is a Trojan?

27 Aug 2021

Most Popular

Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022
Cyber attack on software supplier causes "major outage" across the NHS
cyber attacks

Cyber attack on software supplier causes "major outage" across the NHS

8 Aug 2022