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Study: Cybercrime Costs Grow 26%

A big challenge when attempting to drum up support for investments in information security is demonstrating the cost of data breaches and other cybercrimes. But because very few cyber-attack victims have revealed the costs involved, sizing up the potential financial impact is tough. And that can make it difficult to justify a hefty security investment. But a just-issued study on cybercrime by the Ponemon Institute provides a window into the cost of cybercrime. For the fourth year in a row, Ponemon conducted interviews with 60 large U.S. companies in various business sectors. The latest study finds that the net average annualized cost of cybercrime

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