7 Surprising Facts About the Cost of Cybercrime

Online cyber-crime affects nearly every enterprise on the planet. Its costs continue to rise every year without abatement. The “2013 Cost of Cyber-Crime Study,” conducted by the Ponemon Institute and sponsored by Hewlett-Packard, once again shows that despite the best efforts of industry and security vendors, cyber-crime costs enterprises more in 2013 than ever.

The annual cost of cyber-crime in the U.S. now stands at $11.56 million, the study finds. The 2013 figure is an increase of 26 percent from $8.9 million in 2012. Those expenses are not borne by a single industry; rather they are spread across a number of different industries, with finance, defense and energy companies bearing the brunt of the costs. While cyber-crime costs continue to rise, the study also found that defensive technologies and methodologies can and do work with varying degrees of success.

Read the full story at eWeek:
Cyber-Crime Costs Keep Rising: Seven Surprising Reasons Why

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.

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