Ecrypt Technologies, Inc. (ECRY): A Viable Solution to Alarming Trends in CyberCrime
Cybercrime costs have steadily increased by an average 78 percent over the last four years, racking up $300 billion in losses each year, according to separate studies from the Ponemon Institute and the Center for Strategic and International Studies (CSIS). In the United States, the annual cybercrime cost seen by the 60 businesses studied in Ponemon’s fourth annual Cost of Cyber Crime Study ranged from $1.3 million to more than $58 million averaging $11.6 million per company. The average cost of cleaning up the crime scene after a “serious” attack, or one that penetrates the firewall, was $1 million. The…