data breach 41 Security automation trends and effectiveness 46 Time to identify and contain a data breach 51 Longtail costs of a data breach 58 Potential impacts of COVID-19 62 Cost of a mega breach 66 Steps to help minimize financial and brand impacts of a data breach 68 Research ...
Data breach costs have been on a steep upward trend, increasing by 10% in 2024 compared to 2023. The global cost of cybercrime is also spiking, estimated to surpass$9.5 trillion in damagesin 2024. To put the rapidly rising cost of cyber threats into perspective, the annual cost was about...
Worldwide, businesses are spending more than ever to prevent and recover from data breaches. In its new "2014 Cost of Data Breach Study: Global Analysis," the Ponemon Institute and IBM found that breaches now cost companies $3.5 million--a 15% jump from last...Tuttle, Hilary...
However, the report does list the means by which enterprises can limit the costs of a potential breach. For example, businesses that engage in red team testing reported their average costs are $243,000 lower. Additionally, organizations with vulnerability testing experienced an average of $173,000...
Here are five of the key findings from the 2020 Cost of a Data Breach Report, including several new areas of research. 1. Security automation and incident response readiness are effective at mitigating costs Detecting a breach as quickly as possible through the use of automation, and responding...
The average losses per industry has changed over the last decade, the 2020 Cost of a Data Breach Report reveals. In 2020, the five industries with the most expensive costs per breach were as follows: Healthcare at $7.1 million Energy at $6.4 million ...
Regional costs Leading the pack for the 14th year (and not in a good way) was the US, whose average breach cost was $9.36 million. While a 1.3% decline from 2023’s $9.48 million, it still outstripped the rest of the world by more than half a million dollars per breach. The Middle...
IDC research VP Chris Kissel underscored the danger for enterprises of passing along data breach costs to customers. “If they overplay their hand, they may lose the contract the next time,” Kissel said. “Certain [higher-margin] business are able to pass more of these costs to cus...
17 Key Findings of the 2023 IBM Cost of Data Breach ReportWhat was the Biggest Contributor to Data Breach Costs in 2022?How Long Do Data Breaches Impact Organizations?How Long was the Average Breach Lifecycle?What is the Average Cost of a Data Breach by Country? In 2023, the average cost...
No Added Costs Never get charged "per-report" ever again. There are no hidden or other fees other than a Cyber Risk Analytics subscription. Multifaceted Use Cases CRA can be used to support procurement and vendor selection processes, prioritize security controls, can assist in mergers & aquisitio...