Kaspersky survey confirms 31 percent cyber attacks lead to job losses

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A survey conducted by Kaspersky in association with B2B International says that 31% of last year’s data breaches have led to job losses. And out of those who lost jobs, 29% of them belonging to SMEs and 29% of them belonging to large companies were not related to the IT field.

All these days, many surveys confirmed that a data breach or a cyber attack on a company’s assets could result in the closing down of the victimized company.

But now, probably for the first time, Kaspersky survey has concluded that employees fired after data breach demonstrated that cyber incidents could impact anyone in 2017 and could affect the jobs from general executives to regular employees who exposed customer data.

In another survey conducted by Germany’s IT association ‘BitKom’ two-thirds of manufacturers in Germany have been hit by Cybercrime attacks, costing the industry a loss of 42.7 billion Euros or $50 billion USD.

The survey conducted by Federal Association for Information Technology-Bitkom says that 503 top managers and security chiefs who participated in the survey from across Germany’s manufacturing sector felt that their industry which forms an economic backbone to the nation was extremely vulnerable to cyber attacks.

Therefore, Achim Berg, the head of Bitkom said in a statement that it’s high time for companies to take cybersecurity more seriously and invest commensurately.

Bitkom survey found that state-funded actors were using sophisticated techniques to disrupt the companies operating in Germany with 19% reporting that their IT and production systems were sabotaged digitally and 11 percent reporting that their critical communications means were tapped for malevolent purposes in the past few months.

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Naveen Goud is a writer at Cyber Security Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security