NEW YORK (TheStreet) -- The cost of cybercrime is increasing dramatically for U.S. companies, according to the latest research from the Ponemon Institute on Monday, as firms wrestle with an increasingly aggressive threat landscape.
The Hewlett Packard (HPQ)-sponsored study found that the average cybercrime cost incurred by U.S. firms is $8.9 million per annum, an increase of 6% on 2011 and a hike of 38% from 2010. The research, which surveyed 56 U.S. organizations, also revealed an average of 102 successful attacks per week in 2012, up from 72 in 2011 and 50 per week in 2010.
The Ponemon Institute defines a successful attack as one that infiltrates a company's network or its enterprise IT system. "I think that the attacks are more sophisticated," Larry Ponemon, founder of the Ponemon Institute, told TheStreet. "In some cases, the bad guys are getting smarter."
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