Cybercrime Costs Businesses $11.7m per Year

Accenture and Ponemon Institute recently released a survey of 2,182 security and IT professionals in 254 organizations around the world. Key findings showed that the number of attacks has increased year-over-year and that on average, companies suffer 130 breaches which is a 27.4% increase over 2016.

Other findings of the study shows that web-based and malware attacks are the most costly with companies spending an average of $2.4 million.

The report further states that the “costly and devastating consequences businesses are suffering, as a result of cybercrime, highlights the growing importance of strategically planning and closely monitoring security investments.”

For more information visit: www.accenture.com/security