As the internet technology advances, people who have dark motives against other people and organizations are also learning the ways to do their illicit acts. Despite the implementation of anti-cybercrime laws, they are unfazed and continue to do their moves.

Companies in the U.S. even those that have installed the best security measures are not exempted from these cyber attacks. In 2014 alone, a Ponemon Institute survey noted the cost of cyber crime committed against U.S. retail stores amounted to $8.6 million for every company. The figure was more than double compared to the previous year. In the financial services sector, the yearly average costs of cyber attacks per company went up to $20.8 million; $14.5 million in the technology sector and $12.7 million in the communications industries. [Read more…]