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Security Newswire

Study Says Cybercrime Becoming More Costly, More Frequent For Enterprises

Cybercrime is not only becoming more frequent -- it's becoming more expensive for the victims, according to a study published today.

In its Second Annual Cost of Cybercrime study, the Ponemon Institute surveyed 50 large companies to determine the losses and expenditures caused by cybercrime. The study, sponsored by security information and event management company HP ArcSight, indicates that the cost of cybercrime has risen 56 percent since last year's report.

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