Worldwide Breach Costs

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.