Cyberattacks in U.S. cost an average $8.9 million annually to clean up, study says

[InfoSec News <alerts () infosecnews org>]

http://www.networkworld.com/news/2012/100812-ponemon-cyberattacks-263113.html

By Ellen Messmer
Network World
October 08, 2012

According to a survey of 56 corporate and governmental organizations 
conducted by the Ponemon Institute, the average amount they paid for all 
the costs associated with cyberattacks was $8.9 million during the past 
year. That's up 6% from the previous year's study.

And for the first time, Ponemon expanded the survey to other countries, 
including the United Kingdom, Germany, Australia and Japan. Costs 
ascribed to cyberattacks in those locales was significantly lower: $5.9 
million in Germany and $5.1 million in Japan, for example.

The study, sponsored by HP Enterprise Security, offers some explanation 
for why the U.S. cybercrime figure is far higher. "We found that U.S. 
companies were much more likely to experience the most expensive types 
of cyber attacks, which are malicious insiders, malicious code and 
web-based incidents," the report says.

Institute founder Larry Ponemon acknowledges that with only 56 
organizations participating in the survey, the sample is insufficient to 
reach a firm conclusion as to why the cost of cybercrime in the U.S. 
does appear higher than elsewhere.

[...]


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