HP Security Products Blog
From applications to infrastructure, enterprises and governments alike face a constant barrage of digital attacks designed to steal data, cripple networks, damage brands, and perform a host of other malicious intents. HP Enterprise Security Products offers products and services that help organizations meet the security demands of a rapidly changing and more dangerous world. HP ESP enables businesses and institutions to take a proactive approach to security that integrates information correlation, deep application analysis and network-level defense mechanisms—unifying the components of a complete security program and reducing risk across your enterprise. In this blog, we will announce the latest offerings from HP ESP, discuss current trends in vulnerability research and technology, reveal new HP ESP security initiatives and promote our upcoming appearances and speaking engagements.

Cost of dealing with cyber crime increased 56% in one year

HP and the Ponemon Institute recently released the Annual Cost of Cyber Crime Study which showed that the upward trend in the costs of cybercrime continues unabated. In fact, the median cost of dealing with cybercrime rose 56% to $5.9 million in just one year. As if businesses didn't already have enough to contend with in this climate.


And don't expect these costs to go down anytime soon. We've already seen what data breaches can cost organizations. Dr. Ponemon said it best: "As the sophistication and frequency of cyber attacks increases, so too will the economic consequences."


In 2010, it took an organization an average of 14 days and $250,000 to recover from a cyber attack. In 2011, that's already increased to 18 days and $416,000. Factor in the costs associated with noncompliance with governmental regulations and notifying customers of data breaches, and you're staring at a whopping number.


If possible, an even more disconcerting statistic is that the surveyed organizations on average experienced 72 successful attacks per week. That was a 45% increase from 2010. And in this day and age, sometimes all it takes is one attack to compromise your system completely.


Organizations once again face a choice. Pay now by implementing Secure Development Lifecycle practices in your development organization, or pay later by getting hacked.

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