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Symantec helps consumers and organizations secure and manage their information-driven world.
The Ponemon Institute’s 2012 Cost of Cyber Crime Study sponsored by HP has just been released with some very interesting data. The increasing costs found in this study would argue for additional protections beyond what most organizations are using.
Here are some summary points from the study:
- 6% increase of costs over 2011
- 42% increase in the number of cyberattacks with organizations experiencing an average of 102 successful attacks per weekInformation theft accounts for 44 percent of external costs up 4 percent from 2011
- 78% of costs come from malicious code, denial of service, stolen or hijacked devices, and malicious insiders
- Disruption to business or lost productivity accounted for 30 percent of external costsAverage time to resolve a cyberattack is 24 days with the average cost incurred at $591,780
- Recovery and detection were the highest internal costs
Prevention of one cyberattack would pay for the software, services, and personnel costs associated with deploying privilege management, whitelisting, and administrator account management solutions. It is time for better risk mitigation.