HP and the Ponemon Institute today unveiled a new security study that shows the cost and frequency of cybercrime has risen for the third year in a row.
The 2012 Cost of Cyber Crime Study, conducted by the Ponemon Institute and sponsored by HP, found that the average annual cost of cybercrime for U.S. organizations was $8.9 million in 2012. That amount is 6% more than the $8.4 million average costs of cybercrime in 2011, and a 38% increase over the 2010 average of $6.5 million.
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