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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 ]
Attacked companies experience public embarrassment, decreased stock prices, lost revenues, employee downtime, and costs of fixing the breaches. In 2022, data breaches cost U.S. companies an ...
February: The German Chaos Computer Club has reported more than fifty data leaks. Government institutions and companies from various business sectors were affected. In total, the researchers had access to over 6.4 million personal data records as well as terabytes of log data and source code. [209] [210]
According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type of malicious software designed to block access to a computer system ...
According to an IBM report, the average cost of a data breach in 2019 was $3.92 million, while a healthcare industry breach usually costs $6.45 million. However, the average cost of a healthcare data breach (average breach size 25,575 records) in the U.S. is $15 million. [16]
AAG reports that, in 2024, data breaches cost the average business a whopping $4.88 million. In the United Kingdom, around half of all businesses experienced some form of cyber attack in 2023.
Insider threat is an active area of research in academia and government. The CERT Coordination Center at Carnegie-Mellon University maintains the CERT Insider Threat Center, which includes a database of more than 850 cases of insider threats, including instances of fraud, theft and sabotage; the database is used for research and analysis. [2]