What’s the most expensive country for data breaches? What’s the leading cause of data breaches? And what’s the biggest cost factor? The Ponemon Institute’s Global Cost of a Data Breach Study represents the organization's first-ever attempt to offer a worldwide snapshot of data breach costs. Channel Insider takes a closer look.
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Worldwide Breach Costs
The average cost of a data breach globally stood at $3.43 million last year, the equivalent of $142 per compromised customer record.
Average U.S. Breach Costs Per Record the Highest
Average Breach Costs Per Record By Country:Australia: $114France: $119Germany: $177UK: $98U.S.: $204
U.S. Total Breach Costs Also the Highest
Average Total Breach Costs by Country:Australia: $1.83 millionFrance: $2.53 millionGermany: $3.44 millionUK: $2.57 millionU.S.: $6.75 million
What’s the Leading Cause?
Third-Party MistakesOn average, breaches were caused by third-party mistakes 35.4 percent of the time.
Third-Party Mistakes
Worldwide, third-party mistakes caused the cost of breaches to rise an average of 45.8 percent.
Malicious Attacks
Malicious attacks accounted for between 24 percent and 54 percent of incidents, depending on the country.
Malicious Attacks Increase Costs
These attacks ratcheted breach costs by an average of 48.8 percent.
Affects of CISO Leadership
Companies with a CISO that experienced a breach were able to reduce the cost of their incident by an average of 21 percent.
Lost Business Hurts Most
Almost half of the average incurred data loss expenses related to the cost of lost business as a result of the incident.
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