Computer Crime Research Center


Cost of cybercrime to businesses duplicates

Date: April 29, 2010
By: Bill Goodwin

The cost of cybercrime to businesses has doubled to more than 10bn over the past two years, research to be released today will reveal.

The survey by professional services firm PwC reveals that 92% of businesses have experienced security incidents over the past year ranging from hacking attacks to accidental leaks of data.

Each incident costs businesses between 280,000 and 690,000 to remedy - a significant increase from 90,000-170,000 in 2008.
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