A Data Breach is an incident in which private information is accessed without the necessary authorization. There are many ways in which data breaches can hurt businesses and consumers. Data breaches can cause a company to lose revenue, paralyze operations, and hurt relationships with employees, suppliers, customers, and partners. Apart from being a costly expense, breaches can damage lives and reputations. News stories of massive data breaches are becoming a weekly or daily occurrence. More and more business information is moving to the digital world. As a result, cyberattacks have become increasingly common and costly. You can find Data Breach Statistics, Data Breach Trends, and other info below.
The chart shows the Average Cost of Cybercrime by Country in 2018. In 2017, the global Average Cost of Cybercrime was $11.7M and grew 12% in 2018. The United States has the highest average annual cybercrime cost of $27.4M.
The chart shows the Average Cost of Cybercrime by Breach Type in 2018. The leading breach type was Malware, costing an average of $2.61M per breach in 2018, followed by Web-based Attacks costing $2.28M per breach, Denial of Service costing $1.72M, Malicious Insider breaches costing $1.62M, Phishing and social engineering breaches costing $1.41M, Malicious code breaches costing $1.4M, Stolen devices breaches costing $0.97M, Ransomware breaches costing $0.65M, and Botnet breaches costing $0.39M. View the source for this Data Breach Statistics chart and other Data Breach trends here.
Data Breaches are becoming bigger and more costly with each passing year. The growth in threats is driven by an increasing digitization of businesses. Data is distributed and stored in a variety of places, including the workplace, mobile devices, and cloud storage. There is more data being generated than ever. This gives hackers more attack vectors to implement their threats. The attack methods themselves are becoming more and more sophisticated. For example, ransomware attacks are becoming more prevalent with attackers often focusing on crucial network nodes with critical data.
Market research sources generally agree about the explosion of Data Breach Statistics and Data Breach Trends, however estimates of total damages, frequency of damages, and effects vary wildly The cause of disagreement is due to a lack of centralized sources for data breach information, inconsistent reporting, and the difficulty to measure indirect costs of a data breach. The largest data breaches are always reviewed in the news. However, information about smaller events is often gathered from surveys, which often have varying results based on the demographic and positions of the respondents and their companies. For a complete evaluation of Data Breach Statistics, T4 recommends exploring all available sources. T4 aggregated and organized the data from these sources on the T4 Industry Research Platform. See Each source's view of Data Breach Statistics and Data Breach Trends on the T4 Platform.
T4 comprehensively aggregated more than 500 reports from more than 100 publishers covering Data Breach Statistics and Trends. This includes Surveys and Statistics segmented by Industry and Region. This includes survey data from a large multitude of Cybersecurity stakeholders and studies conducted by major industry participants and vendors. The Cybersecurity Data Breach category falls under T4's Cybersecurity industry coverage. Categories related to Security Breaches in the T4 taxonomy include Cybersecurity Employment, Cyber Insurance, Security Breach Frequency, Source of Breaches, Security Breach Effects, and Breach Detection. You can find reports covering these Data Breach Statistics and other Data Breach Trends on T4’s Platform.
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