PAGE 59 cybersecurityeurope


FEATURE


Cyber attacks continue as causes of additional cost centres that squeeze enterprise fi nances. The pain is incremental – and every little hurts.


ACCENTURE’S SECURING THE DIGITAL ECONOMY REPORT 2019 RECKONS THAT, OVER THE NEXT FOUR YEARS, THE COMMERCIAL sector companies risk losing an estimated €4.3trn in value creation opportunities from the digital economy – almost the size of the economies of France, Italy and Spain combined – to cyber attacks. This equates to 2.8% in lost revenue growth for a large global company. High-tech industries face the highest risk, Accenture states, with more than €627bn of their revenue likely to be lost. At the same time, ‘economic attack surfaces’, so to term them, have continued to add up. Regulatory compliances introduced since 2018,


for instance, such as the European General Data Protection Regulation – GDPR – have proved a two-pronged tap on corporate coff ers. Not only have they meant that many organisations have to expend more money to upgrade their cyber defences, but a number have also had to fi nd yet more dosh to pay penalties imposed by their respective national regulators.


FOCUS FILCHED INTELLECTUAL PROPERTY (IP) COST HIGHER THAN TWO YEARS AGO...


Some fi nancial impacts have gotten even more impactful. IP theft, for instance, could be said to incur a much greater fi nancial blow than it used to, as venture capitalists attract market funding that in 2018 might have been invested in interest-yielding fi nancial products.


EINWIRKBEREICH


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