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Cybercrime Costs a Business $3.8 Million/Year, Study Finds

A new study of 45 U.S. organizations finds cybercrime costs each one $3.8 million per year, on average. Cybercrime results in about one successful attack each week, researchers say. The study found it took 14 days on average to respond to a successful cyberattack, with an average cost of $17,696 per day. Financial institutions seem to be targets of the stealthiest types of cyberattacks, such as botnets, Ponemon says. Defense, energy and financial services companies experienced higher costs than organizations in retail, services and education.”]

Source: https://www.csoonline.com/article/2125700/cybercrime-costs-a-business–3-8-million-year–study-finds.html

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