An annual report issued by the Traverse City-based Ponemon Institute LLC pegged the cost of cybercrime in the U.S. at $17.36 billion in the 2016 fiscal year, up from $15.42 billion in the previous period and $12.69 billion in 2014.

The loss of information accounted for 35 percent of the cost in 2016; business disruption was 39 percent of the cost.