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Cyberattacks on businesses are rising, including small businesses. According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type ...
In 2016, researcher Sasha Romanosky estimated that while the mean breach cost around the targeted firm $5 million, this figure was inflated by a few highly expensive breaches, and the typical data breach was much less costly, around $200,000. Romanosky estimated the total annual cost to corporations in the United States to be around $10 billion.
It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [2] [3] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [4]
The 23andMe data leak was a data breach at personal genomics company 23andMe reported in October 2023. The cyberattack gathered profile and ethnicity information from millions of users. The affected customers were reported as primarily Ashkenazi Jews but also including hundreds of thousands of ethnically Chinese users. [ 1 ]
The PowerSchool hack appears to be one of the most significant breaches of child data ever in the U.S. ... But identity theft cost Americans around $43 billion in 2023, ... Dairy Queen’s Free ...
The most high-profile of those attacks cited in Kroll’s report, one that pushed the financial sector back into the top spot, was the CL0P ransomware attack on the data transfering platform ...
In October 2023, Rhysida, a hacker group, attacked the online information systems of the British Library. They demanded a ransom of 20 bitcoin, at the time around £596,000, to restore services and return the stolen data. When the British Library did not acquiesce to the attempt, Rhysida publicly released approximately 600GB of leaked material ...
Data breaches continue in 2023 as T-Mobile announced a data breach in January impacting 37 million accounts. The U.S. Marshals Service, meantime, reported a "major" security breach in February.