Cybersecurity is becoming an expensive proposition. According to a new survey from the Ponemon Institute and security vendor ArcSight, businesses that participated in the study were hit, on average, with just over one major security incident each week.
To cope with those attacks, businesses polled said they spend a median of $3.8 million annually, with some firms shelling out as much as $52 million to deal with cyber threats. eSecurity Planet takes a look.
Cyber attacks continue to plague organizations of every size, costing companies and consumers millions of dollars and months, if not years, of headaches.
The latest study by security researchers at the Ponemon Institute and ArcSight (NASDAQ: ARST), a provider of threat and risk management applications, found that virtually every organization is hit with a significant cyber attack at least once a week and, worse yet, the average cost of resolving these coordinated phishing and malware campaigns is now more burdensome than ever before.