Businesses Waste Big Bucks Fighting Phantom Cyberattacks

Businesses spend an average of $1.27 million a year chasing cyberthreats that turn out to be dead ends. That is one of the findings in a report released last week on the cost of containing malware. In a typical week, an organization can receive nearly 17,000 malware alerts, although only 19 percent of them are considered reliable, the researchers found. Still, malware fighters have a difficult time keeping up with even the reliable alerts, since only 4 percent are investigated.



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