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+--- Thread: What Is The Average Cost Of A Data Breach? (/Thread-What-Is-The-Average-Cost-Of-A-Data-Breach)
What Is The Average Cost Of A Data Breach? - mothered - 07-16-2018
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.
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.
RE: What Is The Average Cost Of A Data Breach? - Percent - 07-16-2018
I also heard somewhere that the majority of Africa is still using Windows XP, and this outdated operating system may even be running on African servers.
RE: What Is The Average Cost Of A Data Breach? - Vultra - 07-16-2018
It funny you post this because, For the total cost for a DDos on a business is in the thousands/millions or so. I lost the paper that I had since, I was watching a live stream from Deakin. they covered the cost of the damage as well many other tools and the likes.
I'm glad you posted something like this since, I was wondering what it would cost.
RE: What Is The Average Cost Of A Data Breach? - mothered - 07-16-2018
(07-16-2018, 12:04 PM)Percent Wrote: I also heard somewhere that the majority of Africa is still using Windows XP, and this outdated operating system may even be running on African servers.
The OS plays a role, but only minor.
They lack common security measures such as WAFs, data sanitization, lack of resiliency/load balancing, poorly-designed web applications, Input data misconfiguration, and the list goes on.