1Average Cyber-Crime Cost to Global Businesses Rises to $11.7M: Report
The average cost of cyber-crime incurred by businesses around the world has grown in 2017, according to a report from Accenture and the Ponemon Institute. The 56-page 2017 Cost of Cyber Crime Study report, released on Sept. 26, is based on a survey of 2,182 security and IT professionals in 254 different organizations around the world. The report found that the global average per businesses cost of cyber-crime in 2017 is $11.7 million per organization, which is a 23 percent increase from 2016. Costs in the U.S. are even higher, with an average cost of $21 million, up from $17 million in 2016. This slideshow covers some of the most significant findings of the Accenture cyber-crime Study.
2Global Cost of Cyber-Crime Keeps Rising
3Cyber-Crime Costs Are Highest in the U.S.
4Financial Services Industry Costs Are Highest
5Ransomware Attacks Are Increasing
6Botnets Are the Least Expensive Attack to Resolve
7Time to Resolve an Attack Varies by Type
8Organizations Spend the Most on Detection
Cyber-crime detection activities account for 35 percent of total internal activity cost at organizations, while recovery accounts for 20 percent of costs.