Cybercrime, Cyber Security: The Crisis and the Opportunity

As if you didn’t have enough to worry about, you now can add one more big worry to your list: cybercrime. It’s real, it’s costly, and there’s plenty of it. Just a couple of years ago, Time magazine reported that 7 percent of U.S. organizations lost $1 million or more to cybercrime. Another 19 percent incurred losses ranging from $50,000 to $1 million. Over 3,000 U.S. companies were victims of cyber security breaches. Pretty much every type of business was victimized, from small banks to defense contractors to large retailers. Moreover, cybercrime is a growing threat that shows no sign of diminishing. The Ponemon Institute, in its 2015 Cost of Cyber Crime analysis, determined that cybercrime


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