The True Cost of Poor Cybersecurity

It might be the oldest attitude in the books: “It won’t happen to me.” Or, “I’ll take care of it later.” But there is a reality that can be costly to businesses, even to the point of taking a business offline or out of commission for good. We’re talking about cyberattacks. They can happen to anyone, anytime. The cost? —Six figures? Seven figures? Ten figures? Depending on the size of the business, any one of these amounts is possible. Take a look at our infographic to explore the true cost of poor cybersecurity.


THE TRUE COST OF POOR CYBERSECURITY: The 5 Worst Data Breaches and Most Costly Viruses
Everyone thinks it always happens to someone else and they are safe from a cyberattack. The companies and individuals on our countdown certainly thought that. Cyberattacks can happen to anyone at anytime.   Whether it is hackers or self-replicating viruses, poor cybersecurity can end up costing you a lot.

5 Worst Data Breaches
#1 American Business Hack
Year: 2005–2012
Records Lost: 160 million
A hacking ring from Russia and Ukraine targeted banks, retail chain stores and payment processors, stealing more than 160 million credit and debit card numbers and more than 800,000 bank account numbers.
#2 eBay
Year: 2014
Records Lost: 145 million
No credit card information was compromised; however, hackers stole customer names, addresses, date of birth, and other personal information. Password information was also compromised. The online auction house simply asked customers to change their passwords immediately.
#3 Heartland Payment Systems
Year: 2006–2008
Records Lost: 130 million
Heartland, one of the world’s largest payment processing companies, was hacked using malware, resulting in the loss of credit and debit card numbers. The mastermind behind the crime was given a 20-year jail sentence, the longest handed down for a computer crime. Heartland ended up paying credit card companies $100 million in claims settlement related to the breach.
#4 TJX
Year: 2003
Records Lost: 94 million
The parent company to stores like T. J. Maxx and Marshalls has said hackers took credit and debit card numbers, and in some instances entire customer identities were stolen, including driver license numbers. The breach ended up costing TJX $256 million and was masterminded by the same person who was in charge of the #3 Heartland hack on the countdown.
#5 Anthem
Year: 2015
Records Lost: 80 million
Names, Social Security numbers, and other sensitive information ideal for identity theft were taken from the second largest health insurance company in America. The hack was said to have originated in China.
5 Most Costly Viruses
#1 MYDOOM
Year: 2004
PCs Infected: 2 Million
Damages: $38,000,000,000
MyDoom was a worm spread through e-mail. 1 in 4 e-mails carried the virus at one time. Mydom was a line in the program’s code (mydomain) and thus, after adding an “o”, it was named.
#2 SOBIG.F
Year: 2003
PCs Infected: 2 Million
Damages: $37,100,000,000
Self-replicating worm spread through e-mail.
#3 ILOVEYOU
Year: 2000
PCs Infected: 500,000 (That’s about 10% of the world’s computers at the time)
Malicious program hidden in an email attachment. ILOVEYOU was the first virus that attached itself to an e-mail.
#4 CONFICKER
Year: 2007
PCs Infected: 12 Million
Damages: $9,100,000,000
Confliker was a worm that scanned computers for weaknesses, logged keystrokes and downloaded code from hacker websites. This virus is still active and as of August 2015, is still infecting about 1 million computers worldwide.
#5 CODE RED
Year: 2001
PCs Infected: 1 Million
Damages: $2,600,000,000
Code Red was a worm that exploited an OS vulnerability, actively looking for other machines to attack. It took down and defaced websites, most notably whitehouse.gov. It was nicknamed Code Red because the pair who discovered the virus were drinking Mountain Dew Code Red at the time of discovery.
35% of businesses have lost data due to flawed IT security. Don’t be caught unprepared. Let Mozy help you manage your cloud security needs.
Visit http://mozy.com/product/features/military-grade-security to learn more about how Mozy can keep your data safe and secure.
Source:
http://www.kaspersky.com/about/news/virus/2013/35_of_businesses_have_lost_data_due_to_flawed_IT_security
https://www.washingtonpost.com/news/the-switch/wp/2015/02/27/security-firm-finds-link-between-china-and-anthem-hack/
http://www.informationisbeautiful.net/visualizations/worlds-biggest-data-breaches
http://www.huffingtonpost.com/entry/biggest-worst-data-breaches-hacks_55d4b5a5e4b07addcb44fd9e
http://www.tomsguide.com/us/biggest-data-breaches,news-19083.html
http://www.cio.com/article/2399262/data-breach/the-15-worst-data-security-breaches-of-the-21st-century.html?page=2
http://computer.howstuffworks.com/worst-computer-viruses.htm#page=4
http://uk.norton.com/top-5-viruses/promo
http://www.hongkiat.com/blog/famous-malicious-computer-viruses/
http://www.investopedia.com/financial-edge/0512/10-of-the-most-costly-computer-viruses-of-all-time.aspx
http://www.computerworld.com/article/2956312/malware-vulnerabilities/remember-conficker-its-still-around.html

Embed This Image On Your Site (copy code below):