Recent years have seen increases in the number of data breaches. This chapter attempts to quantify the impacts of data breaches in terms of the monetary costs incurred by providers and consumers. This is important because data breaches are a major factor when allocating funds for security controls...
Costs of Data Breaches by Industry – For the 13th year in a row, the healthcare industry experienced the highest cost per data breach at $10.93 million, up 8.3% from last year and 53.3% over the past three years. Financial, pharmaceuticals, energy and industrial were also a...
Anew reportfrom IBM Corp. today finds that the average cost of data breaches in 2024 has hit a record high of $4.88 million, up 10%from 2023as breaches grow more disruptive and further expand demands on cyber teams. The figures come from IBM’s annual2024 Cost of a Data Breach reportbas...
Hidden costs in data breaches – such as lost business, negative impact on reputation and employee time spent on recovery – are difficult and expensive to manage, according to the2018 Cost of a Data Breach Study, sponsored by IBM Security and conducted by Ponemon Institute. For example, the ...
Data breaches cost money. In some cases, the cost of a data breach is so large that it can put a company out of business. The cost of data breaches results... B Gardner - 《Building An Information Security Awareness Program》 被引量: 11发表: 2014年 The target and other financial data...
providing an overview of the possible effects for their exploitation. For each database vulnerability, the principal cyber threats are exposed and a few suggestions are proposed for their mitigation. In the second part of the article interesting statistics related to the incidents/data breaches in...
IBM's 2024 Cost of a Data Breach report reveals breach costs jumped 10%, hitting $4.88M globally. U.S. breaches cost nearly $9.4M, the highest worldwide.
IBM Security has recently come out with a report, titled ‘Cost of a Data Breach’, outlining the financial implications of a data breach. The survey conducted for the report finds that 70% of businesses that adopted WFH because of the pandemic, expect the costs of breaches to increase as...
The 2023 IBM / Ponemon Cost of a Data Breach Report puts the average global cost of data breaches due to phishing at $4.76 million. Social engineers are targeting employees with increasingly sophisticated phishing attacks and increasingly often--SlashNext Inc. discovered a 1,265% increase in phis...
The total immediate and longer tail costs of a data breach are difficult to estimate. IBM uses an activity-based costing approach that breaks down costs along the four common stages of the data breach life cycle, based on extensive research on real data breaches. These stages include detection...