Asia Pacific feeling financial brunt of breaches - but it's not all bad news
Asia Pacific firms are feeling the financial impact from cyber breaches more than any other region in the world, according to new insights from Cisco’s 2019 CISO Benchmark Study.
Last week at Cisco Live Melbourne, the company released new Asia Pacific statistics from the global report. The new insights show that 17% of companies across Australia, China, India, and Japan have felt the financial impact of more than US$5 million from their most severe breach in the last year. This is more than twice the global average of 8%.
Australia and Japan have been most impacted by the financial impact – 47% of Australian respondents and 12% of Japan respondents reported costs greater than US$5 million. At Cisco Live, Cisco’s vice president of global security sales John Maynard and security marketing director Steve Moros explained that CISOs are now acknowledging the adage of ‘it’s not about if there’s a breach, but when’.
