Cybercrime costs firms $3.8 million yearly
Cybercrime costs American companies a median loss of $3.8 million a year, according to a study released Monday by security firm ArcSight and the Ponemon Institute, a privacy research organization.
The study was based on interviews with data protection and IT practitioners from 45 U.S. organizations from various sectors, who shared details about the volume of threats they face every day. Over a four-week period, these companies experienced 50 successful attacks per week. That’s more than one successful attack per organization per week.