Average cost of cyberattack now exceeds $1.6 million

According to new research from cybersecurity firm Radware, the average cost of a cyberattack has risen to $1.1m though with organisations that calculate (versus estimate) the cost of an attack, that number increases to $1.67m.The firm's recently released 2018-2019 Global Application and Network Security Report also shed light on the top impact of cyberattacks with businesses citing operational/productivity loss (54%) followed by negative customer experience (43%).Almost half (45 percent) of resp