Cyber crimes cost organizations $3.8 million per year
The study, sponsored by IT security vendor ArcSight, surveyed 45 US companies for a window of four weeks, over the course of nine months. While the first ever Cost of Cyber Crime Study revealed a vast range, the average bill for the organizations that participated came in at $3.8 million per year, which factored in the costs of information loss, disruption to business, equipment damage, and lost revenue, among others.