Average Cost of Cyber Crime Per Company is US$7.7M

October 2015
CFO Innovation Asia;10/15/2015, p1
The article reports on the 13 percent and 14 percent increase in average annualized cost of cyber crime incurred by a benchmark sample of Australian and Japanese organizations according to a Ponemon Institute study that was sponsored by HP Enterprise Security. Topics discussed include ways enterprises can better plan their security strategy and investments, the most costly internal cost related to cyber crime, and the total average cost of cyber crime in the U.S.


Related Articles

  • Are you Preventing Data Losses?  // Security: Solutions for Enterprise Security Leaders;Sep2009, Vol. 46 Issue 9, p16 

    The article reports on the study conducted by Ponemon Institute LLC regarding data protection in 2009. The study found out that there are 58% of companies which believe that data protection is crucial as part of their risk management, while 12% of companies are in doubt. The study also claimed...

  • Datendiebstahl als Insiderverbrechen. Moerler, Christian // Risiko Manager;2013, Issue 1, p3 

    The article reports that a study has been issued by the Ponemon Institute of the actual cost of cybercrime, and the author presents his opinion of its implications.

  • Information security means better business. Brown, Richard // Computer Weekly;10/31/2006, p16 

    The article presents the author's views on an organization's information security management. According to him a company's information security must be effectively integrated and aligned with the corporate strategy, objectives, business structure and style. He asserts that recognizing security...

  • Cybercrime Costs Have Doubled in Last Five Years, Report Says. Wilhelm, Colin // Americanbanker.com;10/16/2014, p1 

    The average annual cost of cybercrime to companies has nearly doubled in the last five years, a new report from a cybersecurity research firm says.

  • Cybercrime Impacts, Costs Vary by Country, but Motivations Stay the Same.  // Security: Solutions for Enterprise Security Leaders;Jul2012, Vol. 49 Issue 7, p12 

    The article reports on the results of a 2012 study conducted by the Ponemon Institute LLC which revealed that cybersecurity affects all organizations worldwide, however countries does not face the same risk management concerns with cybercrime.

  • What? No Risk-Based Security Management Program?  // Security: Solutions for Enterprise Security Leaders;Aug2012, Vol. 49 Issue 8, p16 

    The article reports on the findings of the study "State of Risk-based Security Management: United States" from Ponemon Institute LLC on the use and deployment of risk-based security management (RBSM) program in organizations in the U.S. It reveals that 52% of organizations have a formal RBSM...

  • Look Back, Look Forward: Traditional and Emerging Insurance Protection for Cyber Risks. Kanemitsu, Marla; Webb, Erin L. // Security: Solutions for Enterprise Security Leaders;Apr2014, Vol. 51 Issue 4, p48 

    The article presents a study conducted by the Ponemon Institute LLC on the cyber risk management strategies in the insurance market in April 2014. The study revealed that 70% of respondents had planned to buy one cybersecurity insurance policy in the next 24 months or had a cybersecurity...

  • Moving Sensitive Data to Cloud Storage Can Put Businesses at Risk.  // CIO Insight;8/8/2012, p1 

    The article reports on the security concerns and risk in moving sensitive data to cloud storage. A global study entitled "Encryption in the Cloud," conducted by security research organization Ponemon Institute LLC reveals that moving sensitive data of businesses on cloud-based storage platform...

  • The Cost of Data Breaches. Bernstein, Corinne // Baseline;Apr2009, Issue 94, p14 

    The article focuses on the benchmark study conducted by the Ponemon Institute LLC and sponsored by PGP Corp. which determines the total cost of data breaches to companies. The study revealed that the total cost from a single breach has reached $6.6 million in 2008 which showed an increase of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics