Cyber-Crime Costs Keep Rising: Seven Surprising Reasons Why

1 - Cyber-Crime Costs Keep Rising: Seven Surprising Reasons Why
2 - U.S. Has the Highest Cyber-Crime Costs in the World
3 - Cost of Cyber-Crime Varies by Industry Sector
4 - Different Types of Attacks Incur Different Costs
5 - It Takes More Time to Resolve Insider Attacks
6 - Most IT Security Dollars Are Allocated to the Network Layer
7 - Security Intelligence Systems Provide Strong ROI
8 - Information Loss Tops the List for Highest Cyber-Crime Costs
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Cyber-Crime Costs Keep Rising: Seven Surprising Reasons Why

by Sean Michael Kerner

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U.S. Has the Highest Cyber-Crime Costs in the World

The HP-sponsored Ponemon Institute study isn't just a U.S study. It also examines the global landscape. The cost in the U.S. is currently higher than in any other country analyzed.

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Cost of Cyber-Crime Varies by Industry Sector

Some industry sectors have higher costs related to cyber-crime then others. The defense, energy and financial service sectors rank at the top of the list.

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Different Types of Attacks Incur Different Costs

The costs from cyber-crime differ by the type of attack. Malware attacks are the least expensive, while denial-of-service (DoS) attacks top the list.

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It Takes More Time to Resolve Insider Attacks

The amount of time it takes to resolve an attack varies by the type of attack. A malware attack, on average, takes 6.7 days to resolve while an insider attack takes, on average, 65.5 days.

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Most IT Security Dollars Are Allocated to the Network Layer

The Ponemon Institute study identified six core IT security layers where financial resources are allocated. The network layer is the leading layer where enterprises are spending their money.

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Security Intelligence Systems Provide Strong ROI

Across seven different categories of security technologies, the Ponemon Institute found that Security Intelligence Systems provide the greatest return on investment.

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Information Loss Tops the List for Highest Cyber-Crime Costs

When it comes to tallying the cost of cyber-crime, information loss has been the leading category for the last four years.

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