Global Average Cost Of Cybercrime: $11.7M Per Business Annually

The average cost of cybercrime globally climbed to US$11.7 million per organization, a 23% increase from US$9.5 million reported in 2016, according to new research from Accenture and the Ponemon Institute. The year-over-year increase also represents a “staggering” 62% increase in the last five years, global professional services company Accenture said in a press release earlier this week. Companies in the United States incurred the highest total average cost at US$21.22 million, while Germany experienced the most significant increase in total cybercrime costs — from US$7.84 million to US$11.5 million.