Cybercrime costs continued to climb in 2012 according to a report released Monday by the
Ponemon Institute. The study of 56 large organizations showed that the average annualized cost of cybercrime for the businesses was $8.9 million a year compared to $8.4 million a year ago. Losses for the firms ranged from one $1.4 million to $46 million. Cyberattacks have become common occurrences, said the study. On a weekly basis, the businesses in the study were subjected to 102 successful attacks per week, or 1.8 successful attacks per company per week.
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Big Businesses Walloped With Climbing Cybercrime Costs
Posted by: John P. Mello Jr. October 8, 2012 05:00 AMCybercrime costs continued to climb in 2012 according to a report released Monday by the
Ponemon Institute. The study of 56 large organizations showed that the average annualized cost of cybercrime for the businesses was $8.9 million a year compared to $8.4 million a year ago. Losses for the firms ranged from one $1.4 million to $46 million. Cyberattacks have become common occurrences, said the study. On a weekly basis, the businesses in the study were subjected to 102 successful attacks per week, or 1.8 successful attacks per company per week.