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Large Manufacturing Companies in APAC Could Lose US$10.7 MN Due to a Cyberattack

A cyber attack can cost a large manufacturing organization in the Asia Pacific revealed a Frost & Sullivan study commissioned by Microsoft.  An average of US$10.7 million in economic loss with customer churn being the largest economic consequence of a cyber breach, resulting in US$8.1 million of indirect cost.

For mid-sized manufacturing organization, the average economic loss was US$38,000. Furthermore, cybersecurity incidents have also led to job losses across different functions in more than three out of five (63%) manufacturing organizations.

While the impact of data vulnerabilities and breaches can be costly and damaging to the manufacturing organizations, its supply chain and consumers, the study uncovered that half (51%) of the manufacturing organizations in Asia Pacific had either experienced a security incident or were not sure if they had had a security incident as they had not performed proper forensics or data breach assessment.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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