The cost of cyber crime is skyrocketing.
A new study shows a cyber crime incident in the United States costs a company an average of $15.4 million, an increase of 19%.
Cyber crimes in the United States are much costlier on an average basis than any other country surveyed. In fact, the average cost of a cyber crime incident throughout the world is $7.7 million. Germany had the second highest average, with Japan third.
Not only are the costs rising, the number of successful attacks have also increased 46% in the past four years. In 2012, companies faced 68 security breaches. In 2015, that number has climbed to 99 breaches.
For consumers, one of the most troubling statistics is that it can take up to 46 days for companies to resolve security incidents. This is up from 14 days in 2010 and represents a 229% increase. This is concerning, especially if the crime involves your personal, financial or credit card information.
The study was conducted by the Ponemon Institute and Hewlett Packard Enterprise Security. It examined 252 companies in seven countries. The study found the most expensive types of attacks include:

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