As of 2024, the average cost of a data breach in the United States amounted to **** million U.S. dollars, down from **** million U.S. dollars in the previous year. The global average cost per data breach was **** million U.S. dollars in 2024. Cost of a data breach in different countries worldwide Data breaches impose a big threat for organizations globally. The monetary damage caused by data breaches has increased in many markets in the past decade. In 2023, Canada followed the U.S. by data breach costs, with an average of **** million U.S. dollars. Since 2019, the average monetary damage caused by loss of sensitive information in Canada has increased notably. In the United Kingdom, the average cost of a data breach in 2024 amounted to around **** million U.S. dollars, while in Germany it stood at **** million U.S. dollars. The cost of data breach by industry and segment Data breach costs vary depending on the industry and segment. For the fourth consecutive year, the global healthcare sector registered the highest costs of data breach, which in 2024 amounted to about **** million U.S. dollars. Financial institutions ranked second, with an average cost of *** million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with **** U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.

Average spending on specific measures to prevent or detect cyber security incidents by the North American Industry Classification System (NAICS) and size of enterprise.

Cyberattacks are potentially ruinous events for business owners. As of 2024, the average cost the most disruptive cyber security breach in the previous 12 months in the United Kingdom was ***** British pounds across all businesses, however, this figure becomes greater as the size of a business increases. The cost of a cyber attack is not only financial, with companies having to spend time on recovering from the attacks. Methods of attackWould-be cyber attackers have a large range of tools at their disposal, with which to get around a business’s digital defenses. Fraudulent emails or being directed to fraudulent websites was by far the most common method used during 2019, with ** percent of security breaches coming in that form. Preventing future attacks Investing in new security technology is a key focus for European and American businesses. Most forms, of all sizes are committed to increasing their spending on cyber security.

Average spending on specific measures to recover from cyber security incidents by the North American Industry Classification System (NAICS) and size of enterprise.

The average cyber attack takes 280 days to identify and contain and it costs an average of about $3.86 million to deal with properly.

As of February 2024, the United States ranked first by the average cost of a data breach, **** million U.S. dollars. The average cost of data breaches in the Middle East is **** million U.S. dollars. Benelux followed in the ranking, with *** million U.S. dollars. In the measured period, the global average data breach cost was **** million U.S. dollars. Phishing scams in the U.S. Breached data often ends up in the hands of threat actors who use it for malicious purposes, including online scams. Phishing continues to be a major threat in North America, particularly on smartphones. In the second quarter of 2023, the region recorded the highest number of phishing and malicious attack attempts globally. The United States was particularly affected, with ** percent of U.S. citizens reporting being targeted by scam texts, e-mails, and calls on a daily basis. Additionally, phishing and spoofing were the most common types of cybercrime, impacting *** thousand individuals in 2023. These attacks led to financial losses, with U.S. victims reporting nearly ** billion U.S. dollars in damages throughout the year. U.S. users and data privacy Despite only ** percent of internet users in the United States being highly knowledgeable about data privacy and cybersecurity, a significant portion of users demonstrated caution and awareness in protecting their information. In fact, over half of surveyed U.S. users reported being somewhat confident in knowing the right steps to take in the event of a cyberattack. Furthermore, ** percent of U.S. users actively decline cookies on websites, reflecting their increasing concern for data protection. Many respondents also take additional steps to safeguard their digital privacy, such as limiting or avoiding clicking on ads as well as not answering phone calls due to cybersecurity risks.

These cybersecurity statistics will help you understand the state of online security and give you a better idea of what it takes to protect yourself.

As of February 2023, the average cost of cyber attacks on firms with more than 1000 employees in Europe and the United States was over ** thousands U.S dollars. Moreover, companies employing between 250 and 999 people reported a median loss of **** thousand dollars in the same year.

In 2023, the largest median cost of all cyber attacks to European firms was for The United Kingdom who sufferd a cost of 24.2 thousands of dollars for being attacked.

Did the COVID-19 pandemic really affect cybersecurity? Short answer – Yes. Cybercrime is up 600% due to COVID-19.

Between March 2022 and February 2024, the highest average cost of a data breach, nearly **** million U.S. dollars, was detected in the healthcare industry. The financial sector ranked second, with **** million U.S. dollars on average per breach. The global average data breach cost in the measured period was **** million U.S. dollars. Data breaches in the public sector cost relatively low, an average of **** million U.S. dollars during the measured period.

Data breaches cost companies and businesses a lot of money. The average cost of a data breach is $3.86 million.

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Average spending on specific measures to recover from cyber security incidents by the North American Industry Classification System (NAICS) and size of enterprise.

A survey conducted in the United Kingdom (UK) between September 2023 and January 2024 revealed that the average long-term cost of the most disruptive breaches for medium and large businesses amounted to 3,550 British pounds. The survey was conducted among UK businesses that identified their most disruptive breach or attack in the last 12 months. In the case of micro and small businesses, the average long-term cost of the most significant breach or attack was 90 British pounds.

Revenue in the cybersecurity industry worldwide reached $146.32 billion in 2022.

Over 95% of cybersecurity breaches occur as a result of human error.

Pay attention to the following cybersecurity statistics to learn how to protect yourself from attacks.

Average spending on specific measures to prevent or detect cyber security incidents by the North American Industry Classification System (NAICS) and size of enterprise.

Some industries are affected by cyber attacks more than others. These next cybersecurity statistics detail specifically who is affected by cyber-attacks and why they are.