Data Privacy & Cybersecurity » Cyber Attacks, Cost To Resolve Them, On The Rise

Cyber Attacks, Cost To Resolve Them, On The Rise

October 9, 2013

Companies and organizations are spending more money and time, more frequently, to resolve cyber-attacks, according to a study from HP and the Ponemon Institute. The 2013 Cost of Cyber Crime Study found the average annualized cost of cybercrime in U.S. organizations was $11.56 million. That’s up 78 percent from the first study done four years ago. The number of attacks has also gone up – an average of 122 successful attacks per week, versus 102 per week in 2012 – and the time it takes to resolve an attack jumped to 32 days, with an average cost of more than $1 million.

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