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By Bree Fowler THE ASSOCIATED PRESS

Amid rash of breaches, cost of cybercrime rising for companies in US and abroad, study shows

NEW YORK Cybercrime costs are climbing for companies both in the U.S. and overseas amid a slew of high-profile breaches, according to research released Tuesday.

A sixth-annual study by the Ponemon Institute pegged the average annual cost of cybercrime per large U.S. company at $15.4 million. That’s up 19 per cent from $12.7 million a year ago.