Cost Of Cybercrime Reaches $15 Million Annually Per Org
Ponemon Institute study details annual costs incurred by organizations with over 1,000 employees.
The cost of cyberattacks continues to ratchet up in the U.S., with a ski slope of increases of about 20 percent year-over-year for the last six years, according to a new study out by Ponemon Institute. Sponsored by HP Enterprise Security, the 2015 Cost of Cyber Crime Study found that a benchmark sample of U.S. organizations experienced an average cost of cybercrime of $15 million.
“With cyberattacks growing in both frequency and severity, understanding of the financial impact can help organizations determine the appropriate amount of investment and resources needed to prevent or mitigate the consequences of an attack,” says Dr. Larry Ponemon, chairman and founder of Ponemon Institute.