sponsored by ArcSight, an HP Company
Posted:  07 Feb 2011
Published:  07 Feb 2011
Format:  PDF
Length:  23  Page(s)
Type:  White Paper
Language:  English
ABSTRACT:

Despite widespread awareness of the impact of cybercrime, cyber attacks continue to occur frequently and result in serious financial consequences for businesses and government institutions. 

Key takeaways from this report include: 

  • Cyber crimes can do serious harm to an organization’s bottom line. We found that the median annualized cost of cyber crime of the 45 organizations in our study is $3.8 million per year,but can range from $1 million to $52 million per year per company.
  • Cyber attacks have become common occurrences. The companies in our study experienced50 successful attacks per week and more than one successful attack per company per week.
  • The most costly cyber crimes are those caused by web attacks, malicious code and malicious insiders, which account for more than 90 percent of all cyber crime costs per organization on an annual basis. Mitigation of such attacks requires enabling technologies such as SIEM and enterprise threat and risk management solutions.





BROWSE RELATED RESOURCES
Cost Benefit Analysis | Crime | Cybersecurity | Governance, Risk, Compliance (GRC) | Security Spending | Security Threats

View All Resources sponsored by ArcSight, an HP Company

About TechTarget:

TechTarget provides enterprise IT professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective IT purchase decisions and managing their organizations' IT projects - with its network of technology-specific Web sites, events and magazines

All Rights Reserved, Copyright 2000 - 2014, TechTarget | Read our Privacy Statement