These statistics are downright chilling. For the last 14 years, IBM and the Ponemon Institute have been collaborating to create an annual Cost of a Data Breach Report. The 2019 report brings together data from 500 companies throughout the world and addresses the entire life cycle of a data breach from cause to occurrence and impact. This year’s report found the average cost of a breach to total a terrifyingly high number – $3.92M. We’ve highlighted some additional findings below:
6 Terrifying Data Breach Statistics
- Loss of business is the biggest contributor to data breach costs, representing 36% of the total average cost of a breach.
- At over $8 million per incident, breaches in the US are expensive – more than double the global average.
- The odds of experiencing a breach within two years is 29.6%, an increase since last year.
- The healthcare, financial, energy, industrial, pharma, tech, and education industries have the costliest breaches.
- Organizations that both formed and incident response team and tested the IR plan saved $1.23M, on average.
- Malicious attacks are by far the #1 cause of data breaches. Human error and glitches also contribute to breaches.
Click here to see last year’s Halloween roundup of sinister stats.