1Cyber-Crime Costs Keep Rising: Seven Surprising Reasons Why
by Sean Michael Kerner
2U.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.
3Cost 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.
4Different 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.
5It 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.
6Most 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.
7Security 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.
8Information 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.