Big Businesses Walloped With Climbing Cybercrime Costs

Cybercrime costs continued to climb in 2012 according to a report released Monday by the Ponemon Institute. The study of 56 large organizations showed that the average annualized cost of cybercrime for the businesses was $8.9 million a year compared to $8.4 million a year ago. Losses for the firms ranged from one $1.4 million to $46 million. Cyberattacks have become common occurrences, said the study.

Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/243e36fd/l/0L0Stechnewsworld0N0Crsstory0C763280Bhtml/story01.htm

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