The Third Annual Cost of Cyber Crime Study: United States indicates that both the cost and frequency of cyber crime have continued to rise for the third straight year. According to this study of a benchmark sample of organizations in the U.S., the occurrence of cyber attacks has more than doubled during this period, while the financial impact has increased by nearly 40 percent. This year’s study also found that the average annualized cost of cybercrime incurred was $8.9 million. This represents a six percent increase over the average cost reported in 2011, and a 37 percent increase over 2010.
And for the first time, this year Ponemon Institute conducted similar cyber crime cost studies for HP Enterprise Security in the United Kingdom, Germany, Australia and Japan. The findings of from these research studies are presented in separate reports.
Download these reports to learn about how:
- Information theft and business disruption continue to represent the highest external costs.
- Recovery and detection remain the most costly internal activities associated with cyber crime.
- Deploying advanced security intelligence solutions can mitigate the impact of cyber attacks.