It’s always exciting to announce the results of our annual Cost of a Data Breach Report, and this year, the 14th report conducted by the Ponemon Institute, the 2019 Cost of a Data Breach Report offers new and innovative ways to analyze the financial impacts, root causes and mitigating factors of data breaches on a global scale.
In this year’s report, we studied the costs associated with breaches that occurred between July 2018 and April 2019 at 507 organizations in 16 countries and regions and across 17 industry sectors. The global average cost of a data breach for the 2019 study is $3.92 million, a 1.5 percent increase from the 2018 study. As shown in the following chart, the average total cost of a data breach climbed from $3.5 million in 2014, showing a growth of 12 percent between 2014 and 2019.
Cost of a Data Breach Highlights
Some of the other key findings from the 2019 Cost of a Data Breach Report are consistent with past years of the study. Just as it was last year, the most expensive country in terms of average total cost of a data breach is the U.S. at $8.19 million, more than twice the global average. Healthcare was again the most expensive industry for data breach costs, with the total cost of a data breach in 2019 averaging $6.45 million.
Yet we also found characteristics of data breaches in the study showing how difficult it is for organizations to recover from breaches. This year, we found that the time it takes organizations to identify and contain a breach — what we call the data breach life cycle — is 279 days. The 2019 life cycle is 4.9 percent ..
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