The impact of cyber crime on Belgian Businesses

In 2017, the Belgian Cost of Cybercrime project (KUL) published the results of an enlightening study aiming to measure the impact of cybercrime, and more broadly cyber attacks, on Belgian Businesses.

We can highligt two results from this paper: First most businesses have been hit by one form or another of cyberattack, some even more than once a year. So, the likelihood of being hit is quite high.

Second, the average cost per incident is relatively low, most of them below 500€, although in some cases, it was above 10.000€. It surely depends on the kind of business you are and on the size of your company. Meaning SME shouldn’t have to spend a fortune in protection measure.

 

You can find the report here: https://bcc-project.be/surveys/wp4-2-the-impact-of-cybercrime-on-belgian.pdf