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Ponemon Institute: 2012 Cost of Cyber Crime Study

Information Security
Author: Mark Dixon
Tuesday, April 30, 2013
7:39 pm

I read through the Ponemon Institute: 2012 Cost of Cyber Crime Study that was released last October.  The results are quite staggering:

Cyber crimes continue to be costly. We found that the average annualized cost of cyber crime for 56 organizations in our study is $8.9 million per year, with a range of $1.4 million to $46 million. In 2011, the average annualized cost was $8.4 million. This represents an increase in cost of 6 percent or $500,000 from the results of our cyber cost study published last year.

$8.9 million per year is the average.  That’s a lot of money.

The percentage annualized cyber crime cost by attack type is shown in the following graph.  There is a lot of bad stuff going on out there!

Cybercrimecost

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