Executive Summary for 2012 Cost of Cyber Crime Study: United States

Executive Summary for 2012 Cost of Cyber Crime Study: United States Essay example
Undergraduate
Essay
Finance & Accounting
Pages 3 (753 words)
Download 0
[Student’s Name] [Course Title] [Instructor’s Name] [Date] Summary of Part 1 The first part of the report presents a summary of the case study conducted in relation to cost of cyber-crime in the United States. This study is a continuation of the two studies carried out earlier on the same area of cyber-crime…

Introduction

Similar to the previous studies, this study also concludes that the major impact of cyber-crime is the loss of data or information. In addition to these findings, there are three more key conclusions reached. The first one is that cyber-crimes are costly and in this regard, the researchers have found that the annual cost of cyber-crimes amounts to an average of $ 8.9 million, which shows an increase of 6 % as compared to the previous year’s costs. Secondly, the research also concludes that cyber-crimes have become common practices, which increased by 42 percent in 2012 as compared to the previous year’s figures. Lastly, it has been concluded in the study that the majority of cyber-crimes, which are costly too, occur due to “denial of service,” “malicious insiders,” and “web-based attacks.” In addition, the research work provided a conclusion that if organizations are not able to resolve the impacts related to cyber-crimes, their costs may increase. The research work has also determined that it takes around 24 days for an organization to deal with a cyber-crime, while a cost of $ 591,780 is incurred during this problem resolution period. ...
Download paper
Not exactly what you need?

Related papers

Banking Regulation in the United States
There are three federal banking regulators in US which include; Federal Reserve System, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of Currency all having separate although overlying authority over commercial banks. Additionally, there exist various groups of depository institutions having similar functions to those of banks although they have unique category of…
Monetary Policy and the Stock Market: Study of Japan and the United States
Its goods are sold internally as well as externally competing against products that are sourced from other countries. Japan’s economy is heavily dependent on the activities generated by its export and import industry. In fact, Japan’s basic needs are supplied by its imports while the country’s economic wealth is supported by the export of Japan’s industries. This thesis will show that the…
Investigation into the Sovereign Debt Credit Ratings of Five EU Member States and China over the Period 2005-2012
Caprio and Klingebiel (2003), McKinsey (2010), Mihalakas (2012) find that common problems existing in crisis countries are financial imbalances, government debt over the country's debt paying ability, huge public spending, which eventually lead to the occurrence of crisis. Calvo (1998), Eichengreen et al. (2005) and De Grauwe (2011) and Wolf (2011) all think that monetary union is one of the…
Executive summary for Corporate Finance Valuation
This is because it gives clear information on the return on investment and the shareholders value that is payable to investors. The analysis focuses on Balfour Beatty Corporation that is a high rank engineering company with global presence. The company provides a wide range of products and services with an aim of meeting its shareholders and customer needs promptly. This report provides an…
summary
As per the requirements of US GAAP and Securities and Exchange Commission, the income statement of PepsiCo shows the comparative financial performance of the company over last three years, i.e. 2009, 2010 and 2012. There is one extra ordinary item is also included with the head of “bottling equity income”. However, this item was of non-recurring nature such that it was present in the income…
Case study of (Starbucks has not paid The UK corporation tax 2012)
According to this theory, an organisation is part of the society in which it operates (Benoit, 2000). An organisation, therefore, is supposed to adhere to certain, explicit or implicit, norms and values. The voluntary disclosures therefore are seen as biased because they are influenced by the interaction of the firm and that particular society. This theory, therefore, emphasizes that the vehicle…
Pharmaceutical Industry in United States
The Company conducts business in virtually all countries of the world with the primary focus on products related to human health and well-being. The paper presents the financial ratio analysis of Johnson & Johnson for the past three financial years and highlights its financial outlook. The ratios presents the company’s financial outlook is strengthened and is able to manage its finances…