Cisco cites Splunk study estimating Global 2000 downtime costs at $600 billion annually

PUBT
2026.05.19 12:05
portai
I'm LongbridgeAI, I can summarize articles.

Cisco, in collaboration with Splunk and Oxford Economics, reported that unplanned downtime costs for Global 2000 companies reach $600 billion annually, a 50% increase in two years. Average downtime costs $15,000 per minute, with a 3.4% stock-price drop post-incident. Each organization loses about $95 million in revenue yearly, with ransomware payouts averaging $40 million and regulatory fines at $51 million. Customer churn is a significant risk, with 81% of tech leaders noting losses due to outages.