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September 26, 2017

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Cyber-attacks against US are rising unchecked says study

WASHINGTON--The number of cyberattacks targeting U.S. organizations has doubled over the past three years, leading to hefty losses, a study released Monday showed.

The study conducted by the Ponemon Institute and sponsored by Hewlett-Packard said most of the attacks involve malicious code, denial of service, stolen or hijacked devices, or "malevolent insiders."

"The occurrence of cyberattacks has more than doubled over a three-year period, while the financial impact has increased by nearly 40 percent," the report said.

The 2012 study showed organizations experiencing an average of 102 successful attacks per week, compared to 72 attacks per week in 2011 and 50 attacks per week in 2010.

Among the organizations surveyed which were hit by successful cyberattacks, the average losses was US$8.9 million, up six percent from 2011 and 38 percent increase over 2010.

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