One third of Benelux companies had cybersecurity issues last year

One in three companies (32 percent) in Belgium, the Netherlands and Luxembourg had to deal with a cybersecurity incident in the past year. This is shown by a survey conducted by telecom company Proximus with 250 CEOs and IT managers. In almost half of the cases, these incidents had financial consequences, and in a third of the cases, it prevented workers from doing their jobs. About half of the incidents involved a deliberate cyber attack. Most of these attacks involve “social engineering” such as phishing. Ransomware and malware, such as viruses, worms and Trojans, complete the top 3. In the case of unintentional incidents, unauthorized actions and data breaches are most often reported. Frequency and impact Nearly half of cybersecurity incidents have a financial impact, such as reporting costs, reduced productivity, or reputational damage. In more than a third of the cases, this cost increases to more than 10,000 euros, for 11 percent to more than 100,000 euros. In 60 percent of incidents, the consequences are resolved in less than a day, but for 9 percent, the impact lingers for more than a month. The frequency of cyber incidents is significantly higher in large companies with more than 2,000 employees [...]

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