According to Ponemon Institute's 2017 Annual Cost of Cyber Crime

question 32

Multiple Choice

According to Ponemon Institute's 2017 Annual Cost of Cyber Crime Study,the average annualized cost of cybercrime for benchmarked companies in seven different countries was approximately:

• A)$117,000.
• B)$11.7 million.
• C)$117 million.
• D)$11.7 billion.
• E)$117 billion.

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Definitions:

Primary Beneficiary

The primary beneficiary is the entity that has the controlling financial interest in a variable interest entity, and thus is the party that consolidates the entity's financial statements with its own.

Consolidation

The process of merging multiple financial statements of a parent company and its subsidiaries into a single, aggregated document for reporting purposes.

Intra-Entity Transactions

Transactions that occur between divisions or units within the same company, often used for internal accounting purposes.

Variable Interests

Financial interests in an entity that change with changes in the entity's net asset value, such as interests in a variable interest entity.