Cyber crime costs corporate America billions

  • A study conducted by the Ponemon Institute has concluded that cyber crime costs American corporations billions of dollars per year.

    Examples of cyber-criminal activity highlighted by the extensive survey includes stealing an organization's intellectual property, confiscating online bank accounts, creating or distributing viruses, posting confidential business information and disrupting critical national infrastructure.

    "[Our] study - which involved interviews with the data protection and IT security practitioners in 45 US organizations - [found that] cyber crime is common, intrusive, and can have a significant impact on an organization's bottom line," explained