Cybercrime costs companies $8.9mn in 2012: Report

Dealing with cybercrime is proving to be an expensive affair for companies. The extent of this has been revealed by a study put forth by the Poneman Institute. eWeek reports that according to the study, average firms currently end up paying about $8.9 million to detect, respond to, and recover from cyber attacks. The average annual cost of cybercrime in 2012 is $8.9 million, which is up by 6 percent from last year. Elaborating on this, the report attributes the rising costs to denial-of-service (DoS), malicious insiders and attacks on websites. 

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