Data breaches caused by malicious insiders and malicious code can take as long 50 days or more to fix, according to Ponemon Institute’s 2015 Cost of Cyber Crime Study. While malware, viruses, worms, trojans, and botnets take only an estimated 2-5 days to fix.
Unsurprisingly, attacks by malicious insiders are also the costliest to fix ($145,000 according to the Ponemon study), followed by denial of service ($127,000) and Web-based attacks ($96,000).
The consequences and cost of cyber attacks are also unevenly distributed, with business disruption and information loss taking the biggest share, followed by revenue loss and equipment damages, according to Ponemon. But the cost of remediation in person-days can also be substantial. Involvement of a programmer, a QA person, project manger, product manager and corporate lawyer will cost you more than $300 per employee per day, according to data from payscale.com — and that’s before you consider the cost of the CEO, CISO and CFO’s time.