Cyber Crime Costs Millions Per Business

December 17, 2010

Ponemon Institute and ArcSight have released a study determining the Cost of Cyber Crime. According to the report, the median annualized cost of cyber crime is $3.8 million, a hefty figure for a single organization to bear.

The study looked at 45 organizations who suffered cyber crime attacks that had costs in the range from $1 million to $52 million per year per company. These are not single-attack costs, however. In fact, these companies suffered 50 successful attacks per week overall or one successful attack per company per week.

Some interesting results from the report:

As with stolen or lost laptops, it is not the damage to equipment or the business disruption that leads to high costs in cyber attacks, it's the loss of information that is the true cost.

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