Average Cost of Cyber-crime in the U.S. Rises to $15 Million

The annual Ponemon Institute Cost of Cyber Crime Study reports a rising cost in the U.S. and globally.

With a seemingly endless stream of breaches reported over the course of the past year, it should come as no surprise that costs associated with cyber-crime are on the rise. The annual Ponemon Institute 2015 Cost of Cyber Crime Study, sponsored by Hewlett-Packard, came out Oct. 6, reporting that in the United States the average annualized cost of cyber-crime is now $15 million, up 19 percent over the 2014 report.