The average cost of downtime has reached $600 billion for the Global 2000, a 50% increase in two years. According to Splunk’s The Hidden Costs of Downtime report, unplanned outages and service degradation cost each company an average of $300 million. Percentage of technology executives who consider a direct cost very or prohibitively disruptive (2024…
Tag: downtime
AI, Cybersecurity, Data Breaches, Global Security News, Risk Management
Splunk: Downtime Costs Hit $600B as Shadow AI Grows
The average cost of downtime has reached $600 billion across the Global 2000, a 50% increase in just two years, according to a newly published report from Splunk. Produced in partnership with Oxford Economics, Splunk’s “The Hidden Costs of Downtime” report highlights the rising financial impact of cyber incidents, outages, and breaches, including a growing…
Global Security News
The backup myth that is putting businesses at risk
Backups protect data, but don’t keep your business running during downtime. Datto shows why BCDR is essential to keep operations running during ransomware and outages. […]
Global Security News
Most CNI Firms Face Up to £5m in Downtime from OT Attacks
E2e-assure says 80% of critical infrastructure providers could face millions in downtime from cyber-attacks
AI, Compliance, Data Breaches, Europe, Global Security News, Risk Management
The True Cost of Cyber Downtime: A UK Board-Level Briefing
Written by Sean Tilley, Senior Sales Director EMEA at 11:11 Systems Cyber downtime carries measurable financial consequences, and those consequences are becoming clearer with each major incident. Research from 11:11 Systems shows that 78% of European organisations report losses of up to $500,000 per hour following a cyber-related outage, while 6% face costs exceeding £1 million per…
AI, Global Security News
From request to completion: How work orders are handled in fleet software
GUEST OPINION: In modern transportation operations, every minute of vehicle downtime reverberates through delivery schedules, customer expectations, and profit margins. That is why maintenance teams lean on fleet maintenance management software to turn fragmented repair notes into structured, traceable workflows.