Cost of cyber crime study: United States
Posted on 20 September 2013.
Cyber attacks generally refer to criminal activity conducted via the Internet.

These attacks can include stealing an organization's intellectual property, confiscating online bank accounts, creating and distributing viruses on other computers, posting confidential business information on the Internet and disrupting a country's critical national infrastructure.

The focus of this report is to quantify the economic impact of cyber attacks and observe cost trends over time.

Consistent with the previous two US studies, the loss or misuse of information is the most significant consequence of a cyber attack, and it comes at significant financial cost. Based on this finding alone, organizations need to be more vigilant in protecting their most sensitive and confidential information.





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Reactions to the IRS hack that impacted 100,000 people

Cybercriminals were able to successfully steal tax forms full of personal information of more than 100,000 taxpayers through IRSí Get Transcript application. This data included Social Security information, date of birth and street address.


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