Today, the pace of world change astounds us, and cybersecurity reflects that, unlike any other industry. The data from the last decade tells us an amazing — and sometimes troubling — story. In 2014, the average cost of a data breach was $3.5 million. Today, the average cost of a data breach has surged nearly 30% to $4.45 million per breach. Meanwhile, companies in the U.S. spend an average of $9.48 million per breach, according to the latest report.
As the threat landscape continues to evolve, what lessons can we learn from the past 10 years? What has changed? What has remained the same? To start, let’s review some of the most important trends and findings found in the Ponemon / IBM Cost of a Data Breach reports over the last decade.
What country has the highest data breach costs?
For 13 consecutive years, the United States has held the title for the highest average data breach cost. In 2013, the average total organizational cost of a breach in the U.S. was $5.4 million. But in 2023, the total swelled to $9.48 million per breach in the U.S., a whopping 75.5% increase. The Middle East was in second place with a cost per breach of $8.07 million. In third place, Canada had a cost of $5.13 million per breach.
The year 2017 was the first year when comprehensive global data was collected for the report. Since then, the top four regions (varying in order) in terms of cost per breach have been the United States, the Middle East, ..
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