Home Industry News Risk Cybersecurity study: SolarWinds attack cost affected companies an average...

Cybersecurity study: SolarWinds attack cost affected companies an average of $12 million.


The financial impact of the attack found that the average impact was 11% of annual revenue or about $12 million per company. Companies in the U.S. reported an average of a 14% impact on annual revenue with the averages in the U.K. and Singapore at 8.6% and 9.1% respectively.

This was enough to motivate more information sharing about threats within the industry, with 81% of respondents saying they are more likely to share information with industry colleagues, including defensive techniques and best practices. The World Economic Forum and the U.S. Cyberspace Solarium Commission report both called for increased information sharing as a key part of reducing cyberattacks. The survey found that 67% of companies have started to share information with tech industry colleagues, and 50% started sharing more information with government leaders.

Companies in Singapore were most likely to share information with governments at 57%, followed by U.S. companies at 53% and U.K. firms at 43%. The attack also forced companies to rethink supply chain security with 42% of companies having already modified supply chain security.

Related Posts

Latest Updates

TSMC Considers EMEA and APAC expansion

Taiwan Semiconductor Manufacturing Co. (TSMC), the industry leader in chipmaking, renowned globally for providing the cutting-edge silicon components that make smart technology, ranging from cars...