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International

Global cybercrime costs businesses $7.7 million on average annually: Report

October 08, 2015 Reprints

A new report by data security research organization Ponemon Institute L.L.C. concludes that cybercrime costs global businesses $7.7 million on average annually, We Live Security reports.

The cost of cybercrime to firms around the world continues to increase, the report found. Industries in the financial services, energy and utilities sector are most often targeted by cybercriminals, the authors of the report said.

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Global cybercrime costs businesses $7.7 million on average annually: Report

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