Key Data Breach Statistics (Editor’s Choice)Global Data Breach Statistics#1. An estimated 45% of companies in the US experience a data breach#2. The worldwide average cost of a data breach reached $4.45 million in 2023#3. Data breaches are most prevalent in the United States#4. 60% of surveyed companies have indicated they have experienced a data breach at some point#5. Every second, approximately 68 documents vanish#6. On average, discovering a data breach takes about 277 days#7. The rise of IoT devices and smartphones has played a role in the increase of data breaches#8. Data leaks in 2023 have impacted approximately 41.9 million records by March 2023.#9. In 2020, at least 4 data breach incidents compromised over a billion records#10. In 2023, global expenditures on data security were estimated at $219 billion#11. A human element has been involved in nearly 74% of data breaches#12. Companies experiencing a data breach see over a 15% decline in market performance three years later#13. Almost 75% of companies report that data breaches have caused material harm to their business processes#14. Business loss expenses are the most significant component of total costs associated with a data breach#15. Approximately 69% of US firms faced a data breach in the previous year#16. 83% of companies state that data breaches have adversely affected their reputation#17. In 2023, approximately 553 organizations globally allocated about 20% of their security budget to address data breaches#18. The average time to discover and contain a data breach is at its highest level#19. The geographic region with the highest average time to become aware of and manage a data breach is the Middle East, while Germany experiences the shortest average time#20. According to statistics from 2023, 20% of data breach incidents affected large enterprises, while only 5% impacted small businesses.#21. The average recovery time from a data breach can reach up to 197 days#22. Approximately 71% of IT professionals believe that the impact of data breaches has intensified#23. Organized crime groups account for 55% of data breaches#24. Approximately 36% of data breaches are linked to phishing attacks#25. By June 2023, it is projected that around 4,800 websites will experience hacking incidents involving form jacking code each quarter.#26. The detection period for 60% of data breaches can extend to weeks or even longer#27.Enterprise ransomware attacks are escalating quickly#28. In the underground market, the typical cost for a stolen payment card is under $5#29. Merely 53% of organizations disclose information regarding data breaches and incident responses to authorities and industry peers#30. Records for Gmail accounts had an average value of $3,588.85 in 2023.Causes and Methods to Prevent a Data BreachExposure by Company SizeConclusion
Some Critical Data Breach Statistics And Facts For People To Be Well Prepared To Fight Against Cybercrime
Last Updated: September 13, 2024
Statistics on Data Breaches: Nowadays, data breaches are increasingly common. Their impact extends to internet users and nearly every type of business. As cybercriminals enhance their skills, the average financial toll from data breaches also rises. Many organizations and individuals are left with considerable fallout from compromised data resulting from cybercrime attacks.
Various sectors, including finance, healthcare, education, and retail, are affected by data breaches. Given the alarming frequency of incidents today, it’s clear that none of our personal information is as secure as we believe. This article will highlight some of the most concerning statistics and trends regarding data breaches, illustrating how this issue poses a growing threat to everyone.
Key Data Breach Statistics (Editor’s Choice)
Every second, an estimated 68 records are compromised.
Approximately 71% of data breaches are driven by financial incentives.
On average, it takes 295 days to discover a data breach within a company.
Globally, in the first quarter of 2023, over 6 million data records were exposed due to data breaches.
The recovery process from a data breach can extend up to 197 days.
In 2023, nearly 79% of organizations worldwide reported experiencing a phishing attack.
By 2023, the average cost of a data breach reached $4.45 million.
The median expense per compromised record amounts to $183.
Nearly 75% of companies indicated experiencing significant disruption in business operations as a result of a data breach.
About 21% of all files in an average organization are accessible to everyone.
Total spending on information security globally was projected to be $1 billion in 2023.
Approximately 4 billion phishing emails are circulated daily worldwide.
As of September 2023, small businesses account for 43% of all data breaches.
Global Data Breach Statistics
#1. An estimated 45% of companies in the US experience a data breach
During the second quarter of 2023, the United States recorded the highest incidence of data breaches, affecting 49.82 million accounts. However, experts suggest that this number could be understated, as numerous data breaches go undetected for extended periods.
#2. The worldwide average cost of a data breach reached $4.45 million in 2023
In 2023, the average financial impact of a data breach saw a 2.6% increase, reaching $4.45 million compared to the previous year.
#3. Data breaches are most prevalent in the United States
According to data breach statistics, the US is the country hit hardest by such incidents. In 2023, approximately 612.4 million users were affected by data breaches, including about 156.1 million users in Iran. The US accounts for over 57% of all data breaches and 97% of the compromised records globally.
#4. 60% of surveyed companies have indicated they have experienced a data breach at some point
A thorough survey conducted among businesses worldwide revealed that nearly 60% have encountered at least one data breach. About 30% of the participating firms reported suffering from at least one data breach previously.
year.
#5. Every second, approximately 68 documents vanish
Human error within organizations leads to the theft of certain records, while the increasing frequency of cyberattacks results in the infection of others.
#6. On average, discovering a data breach takes about 277 days
A study involving 51% of organizations across 15 nations indicates that in 2023, the average duration to identify a data breach has risen.
#7. The rise of IoT devices and smartphones has played a role in the increase of data breaches
The escalating usage of IoT devices, mobile devices, a migration towards cloud solutions, and failures in compliance are factors contributing to the increasing number of data breach events.
#8. Data leaks in 2023 have impacted approximately 41.9 million records by March 2023.
A significant data breach incident affecting Microsoft in 2023 compromised over 41.9 million customer records globally.
#9. In 2020, at least 4 data breach incidents compromised over a billion records
Major data breaches in 2020 include a CAM4 breach involving 10.88 billion compromised records, a leak at Advanced Info Service impacting 8.3 billion records, and a Keepnet Labs incident affecting 5 billion records.
#10. In 2023, global expenditures on data security were estimated at $219 billion
Since 2017, there has been a steady increase in global spending on data security, reaching an estimated $219 billion in 2023—a 12.1% increase compared to 2022.
#11. A human element has been involved in nearly 74% of data breaches
Statistics from 2023 indicate that almost 74% of data breaches included a human element, particularly incidents where employees compromised sensitive records directly.
#12. Companies experiencing a data breach see over a 15% decline in market performance three years later
A survey revealed that about 34 firms observed an average 3.5% decrease in their share prices approximately 14 business days after a data breach, and these firms struggled to match the NASDAQ average in the long run.
#13. Almost 75% of companies report that data breaches have caused material harm to their business processes
#14. Business loss expenses are the most significant component of total costs associated with a data breach
A data breach comprises four elements: detection and escalation, notification, ex-post response, and lost business costs; statistics reveal that firms regard lost business costs as accounting for nearly 37.5% of overall breach expenses.
#15. Approximately 69% of US firms faced a data breach in the previous year
A KPMG survey conducted in 2023 discovered that nearly 69% of companies in the United States encountered a data breach, which also led to financial losses due to cyber incidents that year.
#16. 83% of companies state that data breaches have adversely affected their reputation
Data breach statistics demonstrate that such incidents result in a negative impact on a company’s brand image and reputation. In today’s business environment, where consumer awareness is heightened, maintaining a solid reputation is increasingly challenging.
#17. In 2023, approximately 553 organizations globally allocated about 20% of their security budget to address data breaches
Recent studies of security budgets reveal that global investments in data security surged by over 20%, suggesting that organizations perceive data breaches as a more pressing threat.
#18. The average time to discover and contain a data breach is at its highest level
it is part of the entertainment sector
Meanwhile, the process of identifying and containing a data breach varies by industry. The industries of entertainment, healthcare, and media report the longest average time to detect and address a data breach.
#19. The geographic region with the highest average time to become aware of and manage a data breach is the Middle East, while Germany experiences the shortest average time
The average response time to data breaches also varies by location. Companies in the Middle East, Turkey, and Brazil tend to take the longest to recognize and address a data breach. In contrast, Germany, the US, Canada, South Africa, and the UK have the shortest average response times to such incidents.
#20. According to statistics from 2023, 20% of data breach incidents affected large enterprises, while only 5% impacted small businesses.
A report analyzing nearly 79,000 security incidents, including 5,200 confirmed data breaches, indicated that more than 60% of security incidents involved stolen credentials.
(Source: comparitech.com)
#21. The average recovery time from a data breach can reach up to 197 days
Recovering from a data breach requires a significant amount of time. The latest statistics indicate that a dedicated data recovery team or system within a company can cut the average recovery duration in half.
#22. Approximately 71% of IT professionals believe that the impact of data breaches has intensified
Hackers are utilizing advanced tools to infiltrate corporate security systems, making it increasingly difficult to counteract such security breaches.
#23. Organized crime groups account for 55% of data breaches
Reports show that over 70% of security breaches are caused by external actors, with organized criminal groups responsible for less than 55% of data breaches.
Additional statistics indicate that internal malicious actors account for 30%, four or more attackers together account for 4%, while partners and multiple partners each account for 1%.
(Source: embroker.com)
#24. Approximately 36% of data breaches are linked to phishing attacks
More than a third of data breaches are due to phishing, while 32% involve hacking, and 19% can be attributed to other types of malicious activities, like ransomware attacks.
#25. By June 2023, it is projected that around 4,800 websites will experience hacking incidents involving form jacking code each quarter.
Form jacking involves cybercriminals employing JavaScript code to hijack payment forms on websites. This practice, also referred to as digital card skimming, is commonly used to steal credit card information and other sensitive data.
#26. The detection period for 60% of data breaches can extend to weeks or even longer
Over half of organizations take several weeks to uncover a data breach.
#27.
Enterprise ransomware attacks are escalating quickly
Many companies are under great threat from ransomware attacks concerning their data security.
#28. In the underground market, the typical cost for a stolen payment card is under $5
A 2023 survey indicates that a British payment card typically costs between 1.5% and 3.5%.
#29. Merely 53% of organizations disclose information regarding data breaches and incident responses to authorities and industry peers
This indicates that numerous security incidents may go unreported.
#30. Records for Gmail accounts had an average value of $3,588.85 in 2023.
Globally, many individuals connect their other accounts to their Google accounts, demonstrating that access to Gmail can enable hackers to reset passwords for any associated accounts.
Causes and Methods to Prevent a Data Breach
#31. The occurrence of data breaches has been increasing in recent years
According to 2021 data breach statistics, over 68% of such incidents occurred within corporations.
#32. The majority of data breaches are attributed to stolen credentials
An IBM study revealed that compromised credentials accounted for 19% of data breaches, incurring an average cost of $4.50 million.
#33. The rise of remote work due to the COVID-19 pandemic increased the costs associated with data breaches
The average cost of data breaches surged by $1.07 million during the pandemic, primarily due to remote work leading to these incidents.
#34. Security artificial intelligence (AI) delivers the most significant cost-reducing impact
When deployed effectively, Security AI and automation can yield up to $1.8 million in cost savings compared to organizations lacking these tools.
#35. The transition to the Cloud influences the costs and containment strategies related to data breaches
Research by IBM indicates that companies that embraced a Cloud modernization approach were able to contain and recover from data breaches, on average, 77 days faster than those merely beginning this transition.
#36. Adopting a ‘Zero-trust’ framework is advantageous for cost reduction
Organizations with a mature ‘Zero-trust’ strategy can see a reduction in data breach costs by approximately $1.51 million.
#37. Social engineering attacks pose the greatest risk to public administration
A form of cybercrime, social engineering attacks involve deceiving targets through impersonation, with such attacks accounting for 69% of data breaches within the public sector.
#38. Almost two-thirds of organizations have over 1,000 sensitive files lacking protection
Recent statistics indicate that many sensitive files, such as those containing credit card and health information, are freely accessible. A study found that in 64% of financial institutions, each employee could access upwards of 1,000 sensitive records.
#39. Employees at large corporations can access nearly 20 million files
Individuals working in large organizations typically have access to about 20 million files.
Exposure by Company Size
Financial Service Company Size
Average # of Files
Average # of Files Open to Everyone
Average % of Files Open to Everyone
Large
134,368,022
20,427,920
15%
Medium
75,085,577
10,254,062
13%
Small
6,800,969
570,284
11%
Industry Average
74,309,255
10,774,940
13%
(Source: Varonis)
#40. Customer Personally Identifiable Information (Customer PII) is the most frequently targeted data
and expensive form of stolen records
In 2023, Customer PII represented 52% of data breaches, with an average cost of $183 per occurrence.
#41. Cyber attacks and data fraud rank among the top global risks
In terms of concerns for companies, cyber attacks and data fraud have been identified as the third most pressing risk.
(Source: WEC)
#42. The most vulnerable industry to data breaches in the first quarter of 2023 is the Healthcare sector.
Data breaches reported by April 2023 indicated that the healthcare industry and health sciences endured the highest incidence, comprising 30% of all breaches.
(Source: IT Governance)
#43. Over half of firms do not acknowledge data breach disclosures
While security researchers continuously monitor the internet for possible data breaches and notify relevant companies, more than 50% of firms fail to acknowledge a breach disclosure. Only 23% of companies reply within a day to such disclosures.
#44. Approximately 800,000 cyber-attacks successfully infiltrate business networks
A revealing study has shown that in 93% of cases, an external hacker is able to breach a corporate network successfully.
#45. In 2022, cyber attacks were the most prevalent form of security breach
According to a report from IT Governance, during the first quarter of 2022, cyber attacks were the most common type of data breach, accounting for 79,729,271 publicly disclosed events.
#46. Cyber attacks saw a 91% rise in 2023
Data breach statistics indicate that there was a 91% increase in cyber attack occurrences in 2023. These attacks included phishing attempts, command and control strategies, malicious file downloads, access to harmful websites, and the exploitation of vulnerabilities.
Conclusion
In our current digital age, the importance of data security and defense systems is undeniable for all industries and companies. Executives must continuously evaluate cybersecurity risks prior to making any comprehensive company changes.
A data breach can severely damage a company’s reputation and brand, in addition to resulting in significant financial losses. These statistics on data breaches underscore the necessity for organizations to consistently update their security measures to safeguard their operations.
to prevent a data breach.
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Sources
Thank you for taking the time to read this article titled: Some Critical Data Breach Statistics And Facts For People To Be Well Prepared To Fight Against Cybercrime
The data includes statistics from 2023 and 2024, with forecasts extending into 2025 and 2026. Additionally, we expand forecasts through 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
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Post Title: Some Critical Data Breach Statistics And Facts For People To Be Well Prepared To Fight Against Cybercrime
Last Updated: September 13, 2024
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