Cybercrime is becoming a more significant problem for both organizations and consumers. A survey conducted by Ponemon Institute of 56 representative U.S. companies in various industries. The 2012 survey found that the average annualized cost of cybercrime for the organizations in the study was $8.9 million per year, representing a 6% increase over 2011, and a 38% increase over 2010. The average cost per attack was around $600,000, an over 40% increase from the previous year. The number of cyberattacks also increased, by over 40%. The costliest cybercrimes were those caused by denial of service, malicious insiders, and Webbased attacks. The most prevalent types of attacks were viruses, worms, and Trojans, experienced by 100% of the companies surveyed, followed by malware (95%), botnets (71%), and Web-based attacks (64%) (Ponemon Institute, 2012). Scenario: You are appointed at ABC security company and your first assignment is as follows: A client named Wonder-World organization approached ABC and are looking for services in developing the security strategy for their online shop. ABC assigned you as the group leader for this project. You are requested to perform the initial steps in this project as follows: Based on what you have studied in this course discuss 1. E-commerce security layers 2. New technologies 3. Policies and procedures, laws, and industry standards