Cost of a data breach 2023: Geographical breakdowns

Data breaches can occur anywhere in the world, but they are historically more common in specific countries. Typically, countries with high internet usage and digital services are more prone to data breaches.

To that end, IBM’s Cost of a Data Breach Report 2023 looked at 553 organizations of various sizes across 16 countries and geographic regions, and 17 industries. In the report, the top five costs of a data breach by country or region (measured in USD millions) for 2023 are:

United States: $9.48 (up 0.4% from 2022)
Middle East: $8.07 (up 8.2% from 2022)
Canada: $5.13 (down 9% from 2022)
Germany: $4.67 (down 3.7% from 2022)
Japan: $4.52 (down 1.1% from 2022).

Is there a root cause for the top countries on the list? What factors are at play? Are some countries more susceptible to social engineering attacks like phishing?

Why are the costs for the top countries so high?

While it’s difficult to quantify, the high costs in the top five countries can be attributed to several factors.

The United States

The U.S. has the highest average total cost of a data breach at $9.48 million, up from $9.44 million in 2022. U.S. numbers are likely due to the size and complexity of U.S. organizations and extensive digital infrastructure in the country, as well as the sensitivity of the data they hold and the regulatory environment.

The Middle East

In the Middle East, the number is likely attributed to the large number of breached records, the high rate of malicious attacks and the longer time ..

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