During the third quarter of 2024, data breaches exposed more than *** million records worldwide. Since the first quarter of 2020, the highest number of data records were exposed in the first quarter of ***, more than *** million data sets. Data breaches remain among the biggest concerns of company leaders worldwide. The most common causes of sensitive information loss were operating system vulnerabilities on endpoint devices. Which industries see the most data breaches? Meanwhile, certain conditions make some industry sectors more prone to data breaches than others. According to the latest observations, the public administration experienced the highest number of data breaches between 2021 and 2022. The industry saw *** reported data breach incidents with confirmed data loss. The second were financial institutions, with *** data breach cases, followed by healthcare providers. Data breach cost Data breach incidents have various consequences, the most common impact being financial losses and business disruptions. As of 2023, the average data breach cost across businesses worldwide was **** million U.S. dollars. Meanwhile, a leaked data record cost about *** U.S. dollars. The United States saw the highest average breach cost globally, at **** million U.S. dollars.

In 2024, the number of data compromises in the United States stood at 3,158 cases. Meanwhile, over 1.35 billion individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. While these are three different events, they have one thing in common. As a result of all three incidents, the sensitive data is accessed by an unauthorized threat actor. Industries most vulnerable to data breaches Some industry sectors usually see more significant cases of private data violations than others. This is determined by the type and volume of the personal information organizations of these sectors store. In 2024 the financial services, healthcare, and professional services were the three industry sectors that recorded most data breaches. Overall, the number of healthcare data breaches in some industry sectors in the United States has gradually increased within the past few years. However, some sectors saw decrease. Largest data exposures worldwide In 2020, an adult streaming website, CAM4, experienced a leakage of nearly 11 billion records. This, by far, is the most extensive reported data leakage. This case, though, is unique because cyber security researchers found the vulnerability before the cyber criminals. The second-largest data breach is the Yahoo data breach, dating back to 2013. The company first reported about one billion exposed records, then later, in 2017, came up with an updated number of leaked records, which was three billion. In March 2018, the third biggest data breach happened, involving India’s national identification database Aadhaar. As a result of this incident, over 1.1 billion records were exposed.

Overview

New York, NY – June 16, 2025 – Global Health IT Security Market size is expected to be worth around US$ 67.3 billion by 2034 from US$ 16.5 billion in 2024, growing at a CAGR of 15.1% during the forecast period 2025 to 2034. In 2024, North America led the market, achieving over 39.9% share with a revenue of US$ 6.6 Billion.

The healthcare industry is witnessing a rapid increase in the adoption of advanced Health IT Security solutions, driven by the growing threat of cyberattacks and data breaches. With the rising use of digital health records, telehealth platforms, and connected medical devices, healthcare organizations are under mounting pressure to safeguard sensitive patient data.

Health IT Security solutions are designed to protect electronic health records (EHRs), hospital IT infrastructure, and communication networks from unauthorized access and data loss. Key technologies include encryption, intrusion detection systems, multi-factor authentication, and endpoint protection.

The growing enforcement of data protection regulations such as the Health Insurance Portability and Accountability Act (HIPAA) in the U.S., and the General Data Protection Regulation (GDPR) in Europe, is further accelerating investment in healthcare cybersecurity. According to data from the U.S. Department of Health and Human Services (HHS), over 540 healthcare data breaches were reported in 2024 alone, affecting more than 100 million patient records.

North America currently dominates the Health IT Security landscape due to advanced digital infrastructure and stringent compliance requirements. However, Asia-Pacific is expected to register the fastest growth, supported by rapid digitalization and increasing awareness about cyber threats in the medical sector. As healthcare continues to digitalize, the demand for robust IT security will remain a critical priority for providers worldwide.

https://sp-ao.shortpixel.ai/client/to_auto,q_lossy,ret_img,w_1220,h_720/https://market.us/wp-content/uploads/2025/04/Health-IT-Security-Market-Size.jpg" alt="Health IT Security Market Size" class="wp-image-144866">

The global indicator 'Estimated Cost of Cybercrime' in the cybersecurity market was forecast to continuously increase between 2024 and 2029 by in total *** trillion U.S. dollars (+***** percent). After the eleventh consecutive increasing year, the indicator is estimated to reach ***** trillion U.S. dollars and therefore a new peak in 2029. Notably, the indicator 'Estimated Cost of Cybercrime' of the cybersecurity market was continuously increasing over the past years. Ransomware and manufacturing industry Cyberattacks remain a significant challenge for organizations worldwide, sectors such as manufacturing, finance, and insurance were the most affected by these attacks. Among the various types of cyber threats, ransomware was the most frequently detected, accounting for around ** percent of all incidents. The manufacturing industry, in particular, faced the highest number of ransomware attacks, making it the most targeted sector globally. Cybersecurity awareness and investments Organizations worldwide became increasingly aware of the dangers posed by cyberattacks, approximately ** percent of internet users became familiar terms such as with "ransomware." In response to these threats, companies invested more in cybersecurity. In 2024, the average annual increase in IT security budgets was expected to reach *** percent. In fact, for companies worldwide, enhancing the cyber resilience of their cybersecurity teams was the top spending priority in 2023.