What Is The Average Cost Of A Data Breach? 07-16-2018, 11:09 AM
#1
Greetings everyone,
I've just come across this article, that provides a breakdown of data breaches and the fact they're continuing to rise- 6.4% from last year. Going by personal exploitation, It's of no surprise that Africa Is the most vulnerable.
Source.
I've just come across this article, that provides a breakdown of data breaches and the fact they're continuing to rise- 6.4% from last year. Going by personal exploitation, It's of no surprise that Africa Is the most vulnerable.
Quote:IBM Security and Ponemon Institute released their study on the average cost of a data breach. In it they found that data breaches are only going up in cost, and in the volume of records stolen.
The 2018 Cost of a Data Breach Study: Global Overview, in its 13th year, reported that the global average cost of a data breach is $3.86 million, up 6.4 per cent from last year. The average cost, globally, for "each lost or stolen record containing sensitive and confidential information" is also up from last year, landing at $148 — a 4.8 per cent increase from last year.
Data breaches are also only getting bigger; the average size of breaches, based on the companies that were surveyed, increased by 2.2 per cent year over year. When broken down by country, some fare much, much better than others. The US had an average data breach cost of $7.91 million, while Brazil had an average data breach cost of $1.24 million.
Source.














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