MEASURING TRUST IN PRIVACY AND SECURITY
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Ponemon Institute is pleased to announce the release of Flipping the Economics of Attacks, sponsored by Palo Alto Networks. In this study, we look at the relationships between the time spent and compensation of today’s adversaries and how organizations can thwart attacks. As revealed in this research, while some attackers may be motivated by non-pecuniary reasons, such as those that are geopolitical or reputational, an average of 69 percent of respondents say they are in it for the money.

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Ponemon Library Archives for August 2011
2011 Second Annual Cost of Cyber Crime Study Benchmark Study of U.S. Companies
August 10, 2011, 10:01 am

(Click to download study) 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.

Cyber crimes continue to be very costly for organizations. We found that the median annualized cost for 50 benchmarked organizations is $5.9 million per year, with a range from $1.5 million to $36.5 million each year per company. Last year’s median cost per benchmarked organization was $3.8 million. Thus, we observe a $2.1 million (56 percent) increase in median values.

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