Cost of Cyber Crimes Growing, Study Says

Not only are more cyber crimes happening, but they are also costing companies more money, a recent study found. The median cost of cyber crimes rose to $5.9 million, up from $3.8 million in 2010, while the number of attacks rose by 44% with at one successful attack on each of the companies in the study each week, according to a study released by the Ponemon Institute, a research group that studies Internet security.