


The average data breach is thought to cost around $4.35 million as of 2022.īy 2025, it is thought that cybercrime will cost $10.5 trillion worldwide. When Epsilon, a marketing agency, was breached and the details of up to 75 clients including the likes of Best Buy and JPMorgan Chase were plundered. Over the years, we have seen companies lose huge amounts of money due to cyberattacks. Though most attacks focus on government agencies, supply chains, or critical infrastructure.Ĭyberattacks will often employ the use of malicious code, but many also rely on social engineering, with little more than a meticulously crafted email designed to trick an unsuspecting user into giving up the keys to the kingdom. A cyberattack can focus on an individual device or a whole network. Before we go any further, let’s first determine what constitutes a cyberattack.Ī cyberattack is a concerted effort by an individual hacker or group to disrupt computer systems, collect money, or steal data.
