66% of Executives Lost Customers Due to Cyber Attacks in the Past 2 Years

By this point it has become apparent that cyber attacks are seeing a concerning rise, but in spite of the fact that this is the case, not all that much success has been seen in terms of mitigating them. A recent survey conducted by Blackcloak that asked around 500 professionals working in the field of cybersecurity questions pertaining to cyber attacks revealed a very worrying trend.

It turns out that 42% of the people that responded to this survey stated that either they have directly experienced cyber attacks or they have family members or loved ones that ended up going through something of this sort. With all of that having been said and now out of the way, it is important to note that 66% of these executives ended up losing business partners and customers due to the cyber attack.

47% stated that the cyber attacks led to the theft of sensitive and confidential business data, and 36% mentioned that their intellectual property ended up in the wrong hands as well with all things having been considered and taken into account. Following this, 35% of survey respondents faced the unenviable consequence of having their home WiFi networks getting breached and accessed by these malicious actors.

Cyber attacks are clearly a threat because of the fact that this is the sort of thing that could potentially end up posing a risk not just to the executives themselves but also to those people who have nothing to do with their jobs. 33% of executives faced reputational damage that impeded their abilities to get a new job as well, and 25% even ended up facing physical threats that made them feel less safe than might have been the case otherwise.

62% of organizations currently do not have any kind of responses or mitigation team that they can turn to in the event of a cyber attack. This is something that needs to be remedied, otherwise these cyber attacks will continue to make lives miserable for executives everywhere and the trend is not showing any sign of slowing down.

Read next: New Study Reveals Cybercriminals' Growing Use of Generative AI to Amplify and Enhance Email Attacks
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