Successful cyber-attacks can cause significant financial losses and harm to businesses. According to the recent findings by the Atlas VPN team, 37% of companies lose almost £90,000 per cyber-attack on average.

Besides the financial damages, businesses also ruin their reputation, lose corporate information, and experience disruption of partner operations.

After a successful cyberattack, less than £4,500 was lost in 14% of businesses. Between £4,500 and £8,900 were stolen from 8% of companies. Cybercriminals got away with up to £45,000 after cyber-attacks on 16% of businesses. Overall, 24% of businesses lost between £45,000 and £88,000.

Furthermore, 22% of companies suffered significant losses starting from £90,000 up to £445,000. Cyber-criminals stole even more money, between £445,000 and £892,000, from 11% of businesses.

Lastly, 4% of companies claimed to have lost over $1 million after a successful cyber-attack. Just 2% of businesses did not know the actual losses.

Cybersecurity writer at Atlas VPN Vilius Kardelis shares his thoughts on cyberattacks on businesses: “Even though many businesses have invested more into cybersecurity lately, the most critical challenge is transparency.

“Companies are afraid to report incidents for fear of losing customer trust. However, that makes cyber-attacks more dangerous and prevalent, causing significant damage to businesses.”

The growing cyber-attack cost

Besides the already mentioned financial losses, businesses often suffer additional damages after a successful cyber-attack.

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Nearly one-third (31%) of businesses experienced disruption of partner and customer operations and theft of financial information. Furthermore, more than one-quarter (28%) of companies suffered reputational damage and theft of financial information after a successful cyber-attack.

About one-fourth (24%) of businesses had to deal with supply chain disruption. At the same time, another 23% of companies experienced obstruction of trading or business operations. Less than one-fifth (19%) of businesses suffered from the loss of business or contract, while money theft was present in 18% of companies after a successful cyber-attack.

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