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Crime Doesn't Pay: 10 Ways To Control And Reduce Cybercrime Costs

These security technologies and strategies, identified by the Ponemon Institute, are being implemented at businesses to reduce the risk of a data breach and also rein in cybercrime costs, which have increased significantly in recent years.

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10. Employment Of Security Personnel

It's easier said than done, but organizations that have reined in cybercrime costs have employed skilled IT security professionals, Ponemon said. Businesses with deeper pockets can afford security pros with relevant certifications that are dedicated to investigating incidents and maintaining security appliances. Firms that lack the ability to hire a dedicated security team can outsource the activity to managed security firms that often maintain network monitoring tools and can oversee incident response.

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