The daily stream of stories about companies being hacked and having information stolen is not just having an effect on consumer confidence. A recent survey by SailPoint and Vanson Bourne found that organizations are suffering in a number of different ways from the constant barrage of cyberattacks.
The researchers highlighted that, of the 400 IT decision-makers surveyed, 44% worked for organizations that had suffered from a hack in the last 12 months and the breaches had cost their companies nearly $1 million on average. SailPoint said this figure did not even include fines, brand damage, and lost revenue. Even more worrying were the number of organizations that did not know if they had been attacked in the last year or not, which stood at an astounding 9%.
Read more about the findings of the new survey by SailPoint and Vanson Bourne on TechRepublic.