Thursday, October 31, 2013

Study: U.S. cybercrime costs are up $2.6M this year

Study: U.S. cybercrime costs are up $2.6M this year
Enterprise costs related to cybercrime incidents at businesses are up $2.6 million this year, hitting $11.6 million on average, according to a Ponemon Institute study that describes cyberattacks as "common occurrences." The costs include lost revenue, theft of information and property, and equipment destruction. The study says the most expensive cybercrime activity is from denial-of-service attacks. "The evidence suggests that things are getting worse instead of better, despite all the resources that companies are spending on cybercrime," the study says.

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