back to article Cyberattacks wipe more than $50bn off big biz value, say beancounters

Severe cyber-break-ins permanently stripped 1.8 per cent off companies' stock prices, on average, according to a new study out today. Putting that 1.8 per cent drop in context, that dip represents a permanent loss of market capitalization of £120m ($150m) for a typical FTSE 100 biz, we're told. Eggheads at Oxford Economics in …

  1. Anonymous Coward
    WTF?

    $50bn is small change...

    Compared to the collective corporate carnage bloody beancounters have caused over the years. See also: lawyers, consultants.

  2. Herby

    Maybe Law Enforcement should take notice too.

    With all the scams out there, law enforcement takes little notice. They seem to think that a small $50 or so problem is insignificant. Of course it is, but when you multiply by a big number (a simple thousand will do) it DOES become significant.

    You just don't see that many good prosecutions for scams out there. Maybe the FBI could open an office in Lagos. I'm sure they could get some business there!

  3. John H Woods Silver badge

    ineffective stick

    when cyber attacks hurt others (e.g. data breaches) then the required - and long overdue - stick is financial, or even custodial, consequences at C-Level.

  4. ecofeco Silver badge

    What's that old saying?

    It's good to save money in business, but you can save yourself right out of business.

    Stop treating IT like janitors.

  5. Anonymous Coward
    Terminator

    Indemnification against cyber-break-ins

    What indemnification do the software makers provide to these companies for lost business and their customer base being stolen.

    1. allthecoolshortnamesweretaken

      Re: Indemnification against cyber-break-ins

      Good one.

      Read any EULA / T&C at random.

  6. J. R. Hartley

    sy£tems?

    Shirley you mean syst£ms? Or sy$tems? :/

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