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Cybercrime Costs Spike Higher: Research

Ponemon, however, said that certain technologies, such as Security Information and Event Manager (SIEM) offerings can help companies better cope with cyber assaults. "The silver lining is that some organizations seem to do a better job managing the cost of cyber attacks," he said. "It seems that some organizations that use certain types of technology do better than others."

SIEM software offerings are sold by the likes of HP and its arch rival McAfee, now part of Intel (INTC - Get Report).

HP, which is currently in the throes of a massive 5-year restructuring effort, has been ramping up its efforts around security, grabbing security management and compliance specialist ArcSight for $1.5 billion in 2010, the same year that it clinched a deal for privately-held security software maker Fortify. In 2009 the Palo Alto, Calif.-based firm grabbed network security firm Tipping Point.

Shares of HP dipped 1.29% to $14.54 on Monday.

TheStreet plans to host a Webinar to discuss cyber security at 6 p.m. ET on Monday, Oct. 22. You can register here.

-- Written by James Rogers in New York.

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