431 million new malware variants seen in 2015, an increase of 36% Source: Symantec Internet Security Report, April 2016

The mean number of days to resolve cyber-attacks is 46, with an average cost of $21,155/day (global, standardized into U.S. dollars) Source: Ponemon 2015 Global Cost of Cyber Crime Study, October 2015

9 breaches in 2015 with more than 10 million identities exposed: a total of 429 million exposed Source: Symantec Internet Security Report, April 2016

The mean annualized cost of cybercrime to global organizations is $7.7 million/year (standardized into U.S. dollars) Source: Ponemon 2015 Global Cost of Cyber Crime Study, October 2015

Eoin Treacy's view

Here is a link to the full report.

The growth of cybercrime is nothing short of exponential not least because it is comparatively cheap to develop, it is global in nature, prosecution rates are woefully low and the rewards are highly attractive. Combatting the threat requires a war footing to be adopted by corporations and outside of the high tech sector many companies have proven ill-equipped to deal with the challenge.

While banks and companies like Amazon and Google have no choice but to invest heavily in cybersecurity, it is reasonable to ask why so many other companies have been so vulnerable to attack. The simply reason is it is often cheaper to pay the fine for loss of data than commit to ongoing surveillance. http://ww2.cfo.com/data-security/2015/03/calculating-colossal-cost-data-breach/ That’s a chilling reality when it is our individual data companies are so careless with. The only answer is the cost of losing data will have to rise and/or the threat from cybercriminals will have to grow graver. Both are potential outcomes and not least as the Internet of Things expands.

The Purefunds Cyber Security ETF broke back above its 200-day MA early this month and a sustained move below $22 would be required to question potential for continued higher to lateral ranging.