Cybersecurity breaches do more than slow down a business. A new report finds that companies that experience a breach also suffer heavy financial and reputational losses.
The Cisco 2017 annual Cybersecurity Report surveyed nearly 3,000 chief security officers (CSOs) and security operations leaders from 13 countries. It found that more than a third of organizations which experienced a breach reported substantial customer and opportunity loss, along with revenue losses of more than 20 percent.
Read on for more details from the 10th annual report, and what a breach can mean for your business.