Category Archives: Cost of a Data Breach

How Do Data Breaches Impact Economic Instability?

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Geopolitical conflict, inflation, job market pressure, rising debt — we’ve been hearing about economic headwinds for a while now. Could data breaches have anything to do with this? According to a recent IBM report, the average cost of a data breach has reached an all-time high. Like any other business liability, these costs must be […]

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What Experts Had To Say About the 2022 Cost of a Data Breach Report

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The 2022 Cost of a Data Breach report was eagerly anticipated by cybersecurity professionals and the technology industry as a whole. Following two years of increased remote work and other changes due to the pandemic, the report was an important benchmark on the lasting impact and future trends of data breaches.  Not surprisingly, this year’s […]

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Cost of a Data Breach: Infrastructure

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During the pandemic, businesses and consumers saw firsthand what happens when infrastructure fails. In 2019, the global critical infrastructure protection (CIP) market size was valued at $96.30 billion. It is predicted to grow to $154.59 billion by 2027, with a CAGR of 6.2%. On top of that, each time an organization in a critical sector […]

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Companies Without Zero Trust Could Lose $1M More During a Data Breach

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In recent years, the mindset for cybersecurity has shifted. It isn’t a matter of if a company has a breach, but rather when a company has a breach. With the increase in cybersecurity incidents, most if not all companies will be victims of a data breach at some point. However, the latest research shows that organizations […]

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What Kind of Data Costs Most in a Breach?

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Today’s most valuable currency is data. Breaches, information operations, analytics and behavior recognition are all driven by data and the desire to possess it, regardless of what those who possess it want to do with it. We set out to answer the question “What kind of data costs the most in a breach?” As it […]

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The Cost of a Data Breach for Government Agencies

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What happens when attackers breach local government, police departments or public health services? What would happen if attackers compromised the U.S. Treasury’s network? These types of incidents happen every month and lead to service interruptions at the very least. More serious problems could occur, such as leakage of classified data or damage to critical infrastructure. […]

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Cost of a Data Breach: Retail Costs, Risks and Prevention Strategies

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Whether it’s online or brick-and-mortar, every new store or website represents a new potential entry point for threat actors. With access to more personally identifiable information (PII) of customers than most industries, bad actors perceive retail as a great way to cash in on their attacks. Plus, attackers can duplicate attack methods more easily since […]

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The Ransomware Playbook Mistakes That Can Cost You Millions

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If there is one type of cyberattack that can drain the color from any security leader’s face, it’s ransomware. A crippling, disruptive, and expensive attack to recover from, with final costs rarely being easy to foretell. Already a prevalent threat, the number of ransomware attacks rose during the pandemic and nearly doubled in the year […]

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How EDR Security Supports Defenders in a Data Breach

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The cost of a data breach has reached an all-time high. It averaged $4.35 million in 2022, according to the newly published IBM Cost of a Data Breach Report. What’s more, 83% of organizations have faced more than one data breach, with just 17% saying this was their first data breach. What can organizations do […]

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Healthcare Breaches Costliest for 12 Years Running, Hit New $10.1M Record High

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IBM Security and the Ponemon institute release an annual report known as one the most significant industry benchmarks. The Cost of a Data Breach analysis examines real-world breaches in great detail, producing insights into the factors that impact the cost of cyber-attacks. In the 2022 report just released, the healthcare sector stands out for extremely […]

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