Monthly Archives: June 2014

According to the most recent annual Cost of Cyber Crime Study by the Ponemon Institute, the average cost of detecting and recovering from cyber crime for organizations in the United States is $5.4 million. Median costs have risen by almost 50 percent since the inaugural study in 2010. The finding masks the enormous variation of data breach costs which can range from several hundred thousand to several hundred million dollars, depending on the severity of the breach. A growing number of insurance ...
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