Suffered a breach? Expect to lose cash, opportunities, and customers – report

More than a third of organisations that experienced a breach last year reported substantial customer, opportunity and revenue loss. The finding is one of the key takeaways from the latest edition of Cisco's annual cybersecurity report, which also suggests that defenders are struggling to improve defences against a growing …

[Jedihomer Townend]

Phew...

That's why we've never reported any of our breaches...

[a_yank_lurker]

Breaches Hurt

Not surprising that companies lost customers, money, and opportunities because of an IT breach. What would be interesting to know is how long does it take for a company to recover its pre-breach levels. Also, how many financially weak companies suffered enough losses to go belly up?

[Anonymous Coward]

Indemnification for data breach

It would be interesting to see what the Cisco report has to say regarding the indemnification the providers of the computer systems give to these commercial companys.

[EnviableOne]

@a_yank_lurker according to National Cyber Security Alliance in the US 60% of SMBs that get breached go bust within 6 months

http://en.blogthinkbig.com/2014/03/17/cyber-crime-cost/

It usually takes a year to 18 months to return to pre-breach levels, Talk Talk are nearly there in the UK.