Cybersecurity breaches cost Malaysian companies US$1mil in 2019, according to study

More Malaysian companies also reported a downtime of more than 24 hours due to cybersecurity breaches in 2019. — dpa

A new study has revealed that 26% of companies in Malaysia said the most severe cybersecurity breaches in the last year has had a financial impact of more than US$1mil (RM4.11mil).

Cisco's 2019 Asia Pacific CISO Benchmark Study reported that the 2019 figure is a significant decline from 2018, when 50% of companies in Malaysia reported the same financial impact or more.