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Oct 24, 2024 · The average cost of a data breach was $4.88 million USD, a 10 per cent spike and the highest increase since the pandemic. Lack of personnel with cyber skills corresponded to an average $1.76 million USD more in breach costs. The industrial sector experienced the costliest increase of any industry, rising by an average $830,000 USD per breach ...
Oct 29, 2024 · The average cost of a data breach was $4.88 million USD, a 10 per cent spike and the highest increase since the pandemic. Lack of personnel with cyber skills corresponded to an average $1.76 million USD more in breach costs. The industrial sector experienced the costliest increase of any industry, rising by an average $830,000 USD per breach ...
- Alycia Riley
Jun 21, 2024 · In 2024, data breaches cost organisations an average of $4.35 million, with the impact extending far beyond the balance sheet. Imagine if you will, you’re leading a thriving Canadian business in 2024. You’ve got a robust customer base, great products, and everything seems to be going perfectly.
- The average cost of a data breach reached USD $4.45 million in 2023, a 2.3% increase from 2022 of $4.35 million (IBM Cost of a Data Breach Report 2023)
- Malware and destructive attacks accounted for 24% and 25% of all cyber attacks (IBM Cost of a Data Breach Report 2023) Costs and damages from malware attacks averaged USD $5.24 million, while costs from destructive attacks reached USD $5.13 million.
- It takes 84 seconds from an initial system breach by a threat actor to make another lateral movement (CrowdStrike 2023 Global Threat Report) It takes as little as 84 seconds for a threat actor to move laterally to another system.
- Criminals are shifting away from using malware to gain access to systems (CrowdStrike 2023 Global Threat Report) In Crowdstrike’s 2023 Global Threat Report, only 29% of breach detections involved malware in 2022, down from 38% in 2021.
Jul 3, 2023 · One of the very best resources for understanding what drives the cost behind a data breach is IBM’s annual Cost of a Data Breach report. The worldwide average cost of a breach in 2021 was $4.24 million, the highest average total cost in the history of the report. That works out to about $180 per record for customer information, and $176 per ...
Aug 21, 2024 · In 2024, the average data breach costs $4.88 million dollars. If this sounds like a lot of money, you’re not alone. This cost is nearly a 26.4% increase from the cost of a data breach in 2020. So, data breaches cost a lot and are getting more expensive every year.
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Sep 6, 2024 · 3. Hybrid Cloud Breaches Are the Most Expensive. About 40% of all data breaches involved distribution across multiple environments, such as public, private clouds and on premises. The report notes that hybrid cloud environments are among the costliest to protect, with an average breach costing $5.17 million, a 13.1% increase from the previous year.
