How much money does data breach cost?

According to the latest data breach report by IBM and the Ponemon Institute, the cost of a data breach in 2021 is US$ 4.24 million, this is a 10% rise from the average cost in 2019 which was $3.86 million.

What is the cost of a data breach 2019?

$8.19 million
The average total cost of a data breach in the U.S. has grown from $3.54 million in 2006 to $8.19 million in 2019, a 130 percent increase over 14 years. The Middle East has the highest average number of breached records, 38,800, compared to the global average of 25,575.

What was the average cost per record of a data breach in 2018?

In the U.S. a data breach costs a company on average $8.19 million, an increase from $7.91 million in 2018, and more than twice the global average. The cost per breached record, $242, is steeper too.

Which country had the highest average cost per breach in 2018?

Canada has the highest direct costs and the United States has the highest indirect costs. Canada had the highest direct cost at $81 per compromised record.

How much does a data breach cost 2021?

USD 4.24 million
2021 had the highest average cost in 17 years Data breach costs rose from USD 3.86 million to USD 4.24 million, the highest average total cost in the 17-year history of this report.

What was the average size of a data breach in 2019?

The average size of a data breach is 25,575 records (a 3.9% increase on 2018)

What is the average cost of a cyber breach to a large business?

Cyberattacks are potentially ruinous events for business owners. The average cost of cyber security breaches in the last 12 months in the United Kingdom was 2,670 British pounds across all businesses, however, this figure becomes greater as the size of a business increases.

What is the most expensive data breach?

1. Epsilon – $4 Billion. The single most expensive breach so far, in 2011 hackers hit Epsilon. They stole an unknown number of names and emails, affecting up to 75 clients of Epsilon’s, including Best Buy, JPMorgan Chase and Target.

How much does ransomware cost to buy?

Continue reading to learn more about ransomware damage costs. Most ransomware attacks cost $150-$600 to get your files released, but that’s only IF the cyber-criminals honor the payment and actually give you the decryption key.

How much did cyber crime cost in 2019?

$11.5 billion
The damages for 2018 were estimated at $8 billion, and for 2019 the figure rose to $11.5 billion.

What will the projected cost of cyber crime in 2021?

Another research by Cybercrime Ventures reveals that, The cost of cybercrime damage could reach $6 trillion annually by 2021.