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Cyber crime in US organizations rose by 96 percent between 2010 and 2014, study reveals

 

Cyber crime in US organizations rose by 96 percent between 2010 and 2014, study reveals

Outdated software with vulnerabilities and practices that leave organizations open to threat remains common. To protect an organization one must methodically evaluate risks, threats, and vulnerabilities.

A 2014 study by the Ponemon Institute and HP showed that the average annual cost of cyber crime incurred by US organizations has risen by 96 percent between 2010 and 2014, to a staggering $12.7 million. All organizations are aware of the danger posed by hackers out to steal data and money, and yet, many fail to keep their security policies and systems updated. Read More.