us: Annual CSI Study: Cost of Cybercrime Is Skyrocketing

If your organization was hit hard in the wallet by cybercriminals in the past 12 months, you’re not alone.According to the Computer Security Institute’s annual Computer Crime and Security Survey, which is scheduled for release later this week, companies reported average annual losses of US$350,424 in the past year, up sharply from the $168,000 they reported the previous year.This is the first year since 2002 that CSI — which has developed the survey jointly with the FBI for 11 years — has reported an increase in average annual losses. “Not since 2004 have average losses been this high,” the CSI says in a sneak peek of its report.

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