All these days we have been discussing companies protecting their digital assets from cyber attacks, but now in this article, we will be talking about the cost of a cyber attack versus defense strategies.
Research carried out by a top VPN provider says that logins related to Amazon, Uber, Spotify, Gmail, Twitter, PayPal and GrubHub, and match.com are available for $1000 which includes usernames and passwords of over 10000 users.
Another security report compiled by Armour’s Black Market says that personally identifiable information (PII) just costs $200 per record on the dark web. While data related to Visa and MasterCard accounts is available for just $10 per record.
And now the highlight, banking info for whole accounts is only worth $1000 and that too the sale is for accounts which have more than $20k in their savings.
According to a data breach report of IBM, the average cost of a business record which got lost is $240 which can vary a bit higher in tightly regulated industries. Moreover, malware can be purchased by cyber crooks for just $45.
So, launching cyber attacks has become a lucrative earning medium for cybercriminals who are always looking out for ways to infiltrate databases for monetary benefits.
Therefore in such situations, organizations must always be successful in their attack mitigation. Otherwise, it could result in service disruption, data breach or can show more devastating impact like a business closure on a temporary or a permanent note.