The statistic shows the number of data breaches in the United States from 2013 to 2019, by industry. In the last measured period, the majority of the 1,473 annual data breaches affected business and medical or healthcare organizations, with 644 and 525 data breaches respectively.

In 2019, the sector with the highest cost per stolen record in data breaches was healthcare, which had a cost of 429 U.S. dollars per stolen record due to a data breach. The public sector had the lowest cost per stolen record, with a reported amount of only 78 U.S. dollars per record.

As of January 2025, the most significant data privacy violation fine worldwide was for social media giant Meta. In May 2023, the Data Protection Commission (DPC) of Ireland decided to fine the company with 1.2 billion euros or 1.3 billion U.S. dollars. The Chinese vehicle-for rent company Didi Global ranked second. In July 2022, China's data privacy regulator fined the company 8.026 billion Chinese yuan, or 1.19 billion U.S. dollars. The 2021 Amazon fine issued by Luxembourg's data privacy regulation authorities was 877 million U.S. dollars and was the third-biggest data breach fine as of the measured month. The 2019 fine of 575 million U.S. dollars to Equifax followed. In this incident, because of unpatched vulnerabilities, nearly 150 million people were affected, which caused the American consumer credit reporting agency to pay at least 575 million U.S. dollars.

Abstract copyright UK Data Service and data collection copyright owner. The Cyber Security Breaches Survey, 2019 was run to understand organisations' approaches and attitudes to cyber security, and to understand their experience of cyber security breaches. Its aim was to support the Government by providing evidence that can inform policies which help to make Britain a safer place to do business online.The data have been collected annually since 2016 to understand the views of UK organisations on cyber security. Data is collected on topics including online use; attitudes of organisations to cyber security and awareness of Government initiatives; approaches to cyber security (including investment and processes); incidences and impact of a cyber security breach or attack; and how breaches are dealt with by the organisation. This information helps to inform Government policy towards organisations, including how best to target key messages to businesses and charities so that they are cyber secure (and so that the UK is the safest place in the world to do business online). Please note that the UK Data Service only holds data from 2018 onwards. The underlying data are useful for researchers to better understand the response across a range of organisations (rather than averages) and for wider comparability over time. The survey originally only covered businesses but was expanded to include charities from the 2018 survey onwards. Main Topics: Views, experiences and behaviours of organisations (UK businesses and charities) on cyber security and cyber security breaches. Multi-stage stratified random sample

In 2024, the average cost of an industrial data breach reached its peak with an average of 5.56 million U.S. dollars, up from 4.73 million U.S. dollars in 2023. In comparison, the global average cost of a data breach across all studied industries was 4.88 million U.S. dollars.

View Data Breach Notification Reports, which include how many breaches are reported each year and the number of affected residents.

In 2023, the number of data compromises in the United States stood at 3,205 cases. Meanwhile, over 353 million 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 2022, healthcare, financial services, and manufacturing were the three industry sectors that recorded most data breaches. The number of healthcare data breaches in the United States has gradually increased within the past few years. In the financial sector, data compromises increased almost twice between 2020 and 2022, while manufacturing saw an increase of more than three times in data compromise incidents. 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.

The Cyber Security Breaches Survey, 2019 was run to understand organisations' approaches and attitudes to cyber security, and to understand their experience of cyber security breaches. Its aim was to support the Government by providing evidence that can inform policies which help to make Britain a safer place to do business online.

The data have been collected annually since 2016 to understand the views of UK organisations on cyber security. Data is collected on topics including online use; attitudes of organisations to cyber security and awareness of Government initiatives; approaches to cyber security (including investment and processes); incidences and impact of a cyber security breach or attack; and how breaches are dealt with by the organisation. This information helps to inform Government policy towards organisations, including how best to target key messages to businesses and charities so that they are cyber secure (and so that the UK is the safest place in the world to do business online). Please note that the UK Data Service only holds data from 2018 onwards.

The underlying data are useful for researchers to better understand the response across a range of organisations (rather than averages) and for wider comparability over time. The survey originally only covered businesses but was expanded to include charities from the 2018 survey onwards.

In 2019, 45 percent of global data breaches featured hacking. Errors were the second-most popular cause with a 22 percent presence rate. The majority of data breaches were perpetrated by external actors.

This statistic displays the share of businesses that have had cyber security braches or attacks in the United Kingdom (UK) in 2019. Among all respondents, 32 percent had breaches in the past 12 months. With respect to business size, 40 percent of small firms experienced cyber security breaches in the past 12 months.Concerning the size of businesses, micro businesses had two to nine employees, small businesses had 10 to 49 employees, medium businesses had 50 to 249 employees and large businesses had 250 employees or more. On the other hand, there were many types of cyber security breaches experienced by businesses in the past 12 months such as malware.

Between January and November 2024, the healthcare sector in the United States saw 520 resolved data breach cases. These are the incidents that are past the investigation phase. In 2023, the number of resolved data breach incidents in the United States was 313, a slight decrease from the year prior.

As of 2024, the average cost of a data breach in the financial industry worldwide was 6.08 million U.S. dollars, up from 5.90 U.S. dollars in 2024. The global average cost of a data breach across all studied industries was 4.88 million U.S. dollars.

As of 2024, the average cost of a data breach in the United States amounted to 9.36 million U.S. dollars, down from 9.48 million U.S. dollars in the previous year. The global average cost per data breach was 4.88 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 5.13 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 4.53 million U.S. dollars, while in Germany it stood at 5.31 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 nine million U.S. dollars. Financial institutions ranked second, with an average cost of six million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with 1.63 U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.

The Privacy as a Service (PaaS) market is experiencing robust growth, projected to reach a market size of $2,942.8 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 13.0% from 2019 to 2033. This significant expansion is fueled by increasing concerns regarding data breaches, stringent data privacy regulations like GDPR and CCPA, and the rising adoption of cloud computing. Organizations across all sectors, from small and medium-sized enterprises (SMEs) to large enterprises, are increasingly outsourcing their data privacy management to specialized PaaS providers. This shift is driven by the need for expertise in complex privacy technologies, the desire to reduce operational costs associated with in-house privacy management, and the capacity to scale privacy solutions efficiently to meet evolving business demands. The market segmentation reveals strong demand across various PaaS offerings, including Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), and Storage as a Service (STaaS), reflecting the diverse needs of businesses in securing and managing their sensitive data. The geographical distribution of the market shows significant growth potential across North America and Europe, followed by a steady expansion in the Asia-Pacific region and other emerging markets. The continued growth of PaaS is anticipated to be further driven by advancements in artificial intelligence (AI) and machine learning (ML) for automated data privacy compliance, the expansion of the Internet of Things (IoT), and the growing adoption of hybrid and multi-cloud environments. However, challenges remain, including the complexity of implementing and managing PaaS solutions, concerns regarding data security and vendor lock-in, and the need for clear regulatory frameworks to govern the use of PaaS. Despite these hurdles, the market is poised for sustained growth, with innovative players continually emerging to offer sophisticated and tailored privacy solutions, catering to the increasing demand for robust data protection strategies in an increasingly digital world.

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Cyber Insurance Market Size 2025-2029

The cyber insurance market size is forecast to increase by USD 13.29 billion at a CAGR of 23.2% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing adoption of technology and the resulting heightened risk of cyber attacks. According to recent estimates, the global cybercrime damages are projected to reach USD6 trillion annually by 2021, underscoring the urgent need for cybersecurity measures and insurance coverage. This trend is particularly prominent in regions with advanced digital economies, such as North America and Europe. However, the market's growth trajectory is not without challenges. One of the most pressing issues is the lack of standardization in cyber insurance policies, which can make it difficult for businesses to compare offerings and choose the most appropriate coverage. Additionally, the rapidly evolving threat landscape and the increasing sophistication of cybercriminals necessitate continuous innovation and adaptation from insurers to stay competitive. Companies seeking to capitalize on market opportunities and navigate these challenges effectively should prioritize building strong partnerships with technology providers, investing in advanced threat intelligence and analytics, and offering flexible and customizable policies that cater to the unique needs of their clients. By staying agile and responsive to market demands, cyber insurance providers can differentiate themselves and seize the significant growth potential in this dynamic market.

What will be the Size of the Cyber Insurance Market during the forecast period?

Request Free SampleThe market continues to experience significant growth as businesses increasingly recognize the need to mitigate risks associated with cyber threats. According to recent industry reports, The market is projected to reach substantial size by 2026, driven by the increasing adoption of cloud computing, Internet of Things (IoT), and remote working. Cyber criminals continue to target organizations through various means, including data breaches, internet-based attacks, and IoT malware. Consequently, there is a growing demand for cyber insurance policies that provide coverage against financial losses resulting from these threats. Large enterprises are leading the charge in purchasing cyber insurance, recognizing the potential financial and reputational damage that can result from a cyber attack. IT infrastructure and information policies are critical components of cybersecurity, and cyber insurance can help organizations manage risks in these areas. Virtual private networks (VPNs) and other security measures are also important considerations for businesses seeking to protect their digital assets. Cybersecurity ventures and technology companies, such as SonicWall Cyber Threat Intelligence and SonicWall Capture Labs, play a crucial role in identifying and mitigating cyber threats. Information governance and cybersecurity best practices are essential for businesses to effectively manage their cyber risk and reduce the likelihood of a breach. Overall, the market is expected to remain a dynamic and evolving sector as businesses continue to grapple with the complexities of cybersecurity in an increasingly interconnected world.

How is this Cyber Insurance Industry segmented?

The cyber insurance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeLarge enterprisesSmall and medium-sized enterprisesSolutionStandalonePackagedGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The large enterprises segment is estimated to witness significant growth during the forecast period.Large enterprises are increasingly vulnerable to cyber threats due to their size, complex IT infrastructure, and valuable data. Cyber insurance has emerged as a crucial risk management tool for these organizations, providing financial protection against data breaches, ransomware attacks, phishing scams, and other cyber incidents. According to Munich Re experts, The market is expected to reach USD20.4 billion by 2027, driven by the growing number of cyber threats and the increasing awareness of the need for risk mitigation. Cyber criminals continue to target large enterprises, exploiting vulnerabilities in cloud computing, Internet of Things (IoT), and Operational Technology (OT) systems. In 2023, SonicWall Cyber Threat Report identified over 10 million IoT malware attacks and 1.5 billion phishing attacks. Cyber ILS, a cyber catastrophe bond, and crypto insurance services have gained popularity as additional layers of protection against cyber risks. Large enterprises are investing in AI-

The global healthcare industry is increasingly embracing digital technologies, such as cloud, Big Data, Internet of Things (IoT), remote monitoring, and more, to deliver the best patient care. However, as more digital technologies are utilized, the greater potential there is for cyberattack. Healthcare data is particularly sensitive to cyberattack, since healthcare cyber breaches often involve loss of sensitive personal information and medical records. Digitally-connected medical devices are also susceptible to cyberattack, and interference with how these devices operate could potentially lead to patient harm or even death. Health system data breaches have occurred in the past and continue to occur. In 2019, there were 510 healthcare breaches of 500 records or more (up from 371 in 2018) reported to the US Department of Health and Human Services (HHS), which in total affected over 41 million patient records. Read More

There are two datasets included in this entry. The "morph" dataset contains 6 columns of data on brown treesnakes and rats collected prior to and during arena trials for trialing fencing material for multispecies barrier construction. The "trials" dataset includes 25 columns of brown treesnake and rat data collected prior to, during, and after arena trials. There are four data files associated with this data release. They include "BTS_Breach Attempts_29Jun2020.csv" which describes data associated with attempts by brown treesnakes to escape the fence arena' "BTS_Morph_29Jun2020.CSV", which describes morphometrics of captured and trialed snakes; "Rats_Breach Attempts_29Jun2020.csv", which describes attempts to breach the barrier by rats; "Rats_Morph_29Jun2020.csv", which describes morphometrics of captured rats included in the trials.

The BFSI (Banking, Financial Services, and Insurance) security market is experiencing robust growth, driven by the increasing reliance on digital channels and the escalating threat landscape. The market, currently valued in the billions (a precise figure requires the missing "XX" value from the prompt, but based on similar market reports and a 12.43% CAGR, a reasonable estimate could be placed in the range of $30-$50 billion in 2025), is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of 12.43% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the rising adoption of cloud computing, mobile banking, and other digital initiatives within the BFSI sector creates new vulnerabilities that require sophisticated security solutions. Secondly, the increasing sophistication and frequency of cyberattacks, including ransomware, phishing, and data breaches, necessitate robust security measures to protect sensitive customer and financial data. Thirdly, stringent regulatory compliance requirements, such as GDPR and CCPA, are driving demand for advanced security technologies and services. The market segmentation reveals a strong focus on information security solutions alongside physical security measures, with system integration and maintenance services representing significant revenue streams. Major players like Honeywell, IBM, and McAfee are leveraging their expertise in various security domains to cater to this growing demand. The geographical distribution of the BFSI security market reflects the varying levels of digital adoption and regulatory stringency across regions. North America, with its advanced technological infrastructure and robust regulatory frameworks, currently holds a significant market share. However, the Asia-Pacific region is poised for rapid growth, fueled by increasing digitalization and a growing middle class. Europe also holds a substantial market share driven by strong regulatory pressure and high levels of digital banking adoption. The market's future growth trajectory will depend on several factors including evolving threat landscapes, advancements in security technologies (such as AI-driven threat detection), and the pace of digital transformation within the BFSI sector. The continued focus on data privacy and regulatory compliance will further stimulate demand for sophisticated security solutions across all market segments and regions. BFSI Security Market Report: 2019-2033 This comprehensive report provides an in-depth analysis of the BFSI (Banking, Financial Services, and Insurance) security market, forecasting robust growth from $XXX million in 2025 to $YYY million by 2033. The study covers the period 2019-2033, with 2025 as the base year and a forecast period of 2025-2033. This report is invaluable for businesses seeking to understand the market landscape, identify growth opportunities, and make informed strategic decisions in this rapidly evolving sector. Key search terms like "BFSI cybersecurity," "financial services security," "banking security solutions," and "insurance data security" are incorporated throughout for optimal search engine visibility. Recent developments include: November 2022: Honeywell International Inc. announced the launch of new operational technology (OT) cybersecurity solutions to help clients protect their industrial control systems and operations' availability, reliability, and safety. The capabilities, which include a new Advanced Monitoring and Incident Response (AMIR) dashboard and an enhanced Cyber App Control, are intended to provide enterprises with continuous intelligent threat detection across their industrial control systems' increasing attack surface., June 2022: Atos and IBM announced an extension of their relationship centered on IBM Cloud for Financial Services to assist financial services firms in achieving optimal data and system security through "EU trusted third party cybersecurity monitoring" provided by Atos. This would allow enterprises, such as operators of vital importance (OIV) and operators of essential services (OES), to advance in their use of cloud technology., March 2022: Airtel and Axis Bank announced a partnership to strengthen the growth of India's digital ecosystem through a range of financial solutions services exclusively for Airtel's 340 million plus customers that would help penetrate tier-2 and tier-3 markets by enabling higher adoption of digitized payments., January 2022 - HDFC life insurance acquired Exide Life insurance considering its distribution model, strong security, strong presence in South India, and experience across tier-2 and tier 3-locations which complement HDFC Life and will help expand its market and bolster its proprietary distribution.. Key drivers for this market are: Growth of the Online Banking Industry, Rise in Cyber Data Breaches. Potential restraints include: Security and Privacy Concerns. Notable trends are: Rise in Cyber Data Breaches Drives the Market Growth.

The Peruvian cybersecurity market, while currently smaller than regional giants, exhibits robust growth potential. The 8.52% CAGR (2019-2033) suggests a significant expansion, driven by increasing digitalization across sectors like BFSI (Banking, Financial Services, and Insurance), retail e-commerce, and government. Rising cyber threats, including ransomware and data breaches, necessitate stronger security measures, fueling demand for solutions encompassing application security, cloud security, and identity and access management. The market is segmented by offering (solutions and services), deployment (cloud and on-premise), and end-user industry, allowing for targeted strategies. While a lack of cybersecurity awareness and skilled professionals may pose challenges, the government's initiatives to improve digital infrastructure and cybersecurity regulations are expected to mitigate these restraints. The prevalence of cloud-based solutions is projected to increase, driven by their scalability and cost-effectiveness. Key players like IBM, Oracle, and smaller specialized firms like Resecurity and Netspoke, are actively participating in this evolving market, offering a mix of advanced technologies and managed services. The market's projected value in 2025 serves as a strong foundation for future growth estimations, providing a benchmark for future investment and market analysis. Growth in the Peruvian cybersecurity market is further fueled by the increasing adoption of digital technologies by businesses and the government. This includes the expansion of e-commerce platforms, mobile banking services, and online government services. As reliance on digital infrastructure grows, the vulnerabilities and potential for cyberattacks also increase, creating a sustained demand for advanced cybersecurity solutions and services. The market's fragmentation, with a mix of multinational corporations and local providers, offers both opportunities and challenges. Larger firms benefit from established brand recognition and a wide range of offerings, while specialized companies can focus on niche markets and provide customized solutions. Future growth will likely be influenced by the success of government initiatives aimed at improving national cybersecurity capabilities and the overall maturity of the Peruvian digital economy. This expanding market offers substantial opportunities for businesses to capitalize on the growing demand for robust security measures. This comprehensive report provides an in-depth analysis of the burgeoning Peru cybersecurity market, offering invaluable insights for businesses, investors, and policymakers. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report leverages historical data (2019-2024) to project future market growth and trends. It meticulously examines the market's size (in millions of USD), key segments, driving forces, challenges, and emerging trends, providing a 360-degree view of this critical sector. The report also highlights significant developments and profiles leading players in the Peruvian cybersecurity landscape. Recent developments include: In March 2024, the US-based cloud security firm Netskope announced to bolster its operations in South America. It's establishing a dedicated team in Peru, ramping up recruitment efforts in Colombia and Brazil, and enhancing its footprint in regional data centers. This move comes in response to the region's rising need for cloud security and network protection solutions., In January 2024, Kyndryl, the world's leading technology infrastructure services provider, unveiled two new security edge security services in collaboration with Cisco. These services are designed to empower customers by enhancing their security measures and enabling proactive responses to cyber threats.. Key drivers for this market are: Growing Reliance of Businesses on Technology and Data, Increasing Sophistication and Frequency of Cyberattacks. Potential restraints include: Growing Reliance of Businesses on Technology and Data, Increasing Sophistication and Frequency of Cyberattacks. Notable trends are: BFSI Sector is Analyzed to Hold Largest Market Share.