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Cyber attacks cost firms £1.3m per year

February 24th 15:21 Cost Management 

Businesses that are looking to effective facilities management to manage their costs could be advised to invest in increasing the security of their software systems.

A recently-published report from security and storage systems provider Symantec has revealed that every year, the world's companies lose an average of $2 million (£1.3 million) as a result of cyber attacks.

Francis de Souza, senior vice president of enterprise security at Symantec, said: "Protecting information today is more challenging than ever.

"By putting in place a security blueprint that protects their infrastructure and information, enforces IT policies, and manages systems more efficiently, businesses can increase their competitive edge in today's information-driven world."

The report also revealed that three-quarters of the world's businesses have been the victim of a cyber attack in the last 12 months.

Symantec warned that the most popular reason for the attacks were for fraudsters to obtain intellectual property, financial information such as customer credit card details and personal identity information.
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