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.

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.

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.

The largest reported data leakage as of January 2025 was the Cam4 data breach in March 2020, which exposed more than 10 billion data records. The second-largest data breach in history so far, the Yahoo data breach, occurred in 2013. The company initially reported about one billion exposed data records, but after an investigation, the company updated the number, revealing that three billion accounts were affected. The National Public Data Breach was announced in August 2024. The incident became public when personally identifiable information of individuals became available for sale on the dark web. Overall, the security professionals estimate the leakage of nearly three billion personal records. The next significant data leakage was the March 2018 security breach of India's national ID database, Aadhaar, with over 1.1 billion records exposed. This included biometric information such as identification numbers and fingerprint scans, which could be used to open bank accounts and receive financial aid, among other government services.

Cybercrime - the dark side of digitalization As the world continues its journey into the digital age, corporations and governments across the globe have been increasing their reliance on technology to collect, analyze and store personal data. This, in turn, has led to a rise in the number of cyber crimes, ranging from minor breaches to global-scale attacks impacting billions of users – such as in the case of Yahoo. Within the U.S. alone, 1802 cases of data compromise were reported in 2022. This was a marked increase from the 447 cases reported a decade prior. The high price of data protection As of 2022, the average cost of a single data breach across all industries worldwide stood at around 4.35 million U.S. dollars. This was found to be most costly in the healthcare sector, with each leak reported to have cost the affected party a hefty 10.1 million U.S. dollars. The financial segment followed closely behind. Here, each breach resulted in a loss of approximately 6 million U.S. dollars - 1.5 million more than the global average.

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

• Washington law requires entities impacted by a data breach to notify the Attorney General’s Office (AGO) when more than 500 Washingtonians personal information was compromised as a result of the breach. This dataset breaks out the individual types of breached personal information that were identified in each notice our office received. This data is used to produce the AGO’s Annual Data Breach Report. For additional statistics relating to data breaches, also see the main dataset at: https://data.wa.gov/Consumer-Protection/Data-Breach-Notifications-Affecting-Washington-Res/sb4j-ca4h.

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

Introduction

Data Breach Statistics: In the year 2024, data breaches pose a great risk all over the world, and criminals tend to use more advanced methods, making the attacks more frequent and wider. All types of organizations, regardless of their size and in all industries, have been victims of data breaches, often leading to loss of money and facing legal actions as well as damage to their names.

This paper looks at the current data breach statistics, looking into some important figures, costs, and trends to expect in the year 2024.

Data Breach Notification Software Market Outlook

The data breach notification software market size is projected to witness significant growth, with a 2023 valuation at approximately USD 1.2 billion and expected to reach USD 3.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.9%. Several key growth factors are driving this market, including the increasing number of data breaches across various sectors, stringent data protection regulations, and the growing awareness among enterprises about the need for robust data breach notification systems. These factors collectively push organizations towards adopting advanced solutions that aid in early breach detection and notification to mitigate potential damages.

A primary growth catalyst for the data breach notification software market is the rising incidence of data breaches globally, which have become more sophisticated and damaging. With cybercriminals employing advanced techniques to infiltrate corporate networks, the need for efficient breach notification solutions has surged. Companies are recognizing the critical importance of not only protecting their data but also having a contingency plan in place to notify affected parties promptly in the event of a breach. This need is further amplified by the potential financial and reputational damages that can arise from delayed or inadequate breach notifications, which can result in significant regulatory penalties and a loss of consumer trust.

Another significant factor contributing to the market's expansion is the implementation of stringent data protection regulations worldwide. Laws such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States have established rigorous standards for data breach notifications. Organizations are now mandated to report data breaches within specific timeframes, necessitating reliable software solutions to ensure compliance. These regulations not only underscore the importance of timely notifications but also demand transparency and accountability from enterprises, thereby driving the adoption of data breach notification software.

Additionally, the growing awareness and understanding among businesses of the broader implications of data breaches are also fueling market growth. Organizations of all sizes are increasingly investing in data breach notification software to protect their assets and customer information. The software not only helps in fulfilling legal obligations but also plays a crucial role in maintaining customer trust by demonstrating a commitment to data privacy and security. As companies strive to enhance their cybersecurity infrastructures, data breach notification software becomes a vital component of their overall strategy.

Regionally, the North American market holds a substantial share, driven by early adoption of technology, presence of major industry players, and stringent data protection laws. Europe follows closely, with its strict regulatory environment and high level of digital integration across industries. The Asia Pacific region is anticipated to witness the fastest growth rate, attributed to the rapid digital transformation, increasing cyber threats, and progressive regulatory developments in countries like India, China, and Japan. The adoption of data breach notification software in the Latin American and Middle East & Africa regions is also on the rise, albeit at a slower pace, as awareness and regulatory frameworks continue to evolve.

Component Analysis

The data breach notification software market is segmented into software and services components, each playing a crucial role in ensuring comprehensive data protection strategies. The software component includes the actual platforms and applications that automate the process of detecting and notifying breaches. These solutions are equipped with features such as real-time monitoring, automated alerts, and detailed reporting capabilities. The increasing complexity and frequency of cyber threats have made it imperative for organizations to adopt robust software solutions that can swiftly identify data breaches and initiate timely notifications to comply with regulatory requirements.

Services, the other critical component, encompass a range of offerings such as consulting, implementation, training, and support services. These services are essential for organizations to effectively deploy and integrate breach notification software into their existing IT infrastructures. Consulting services help enterprises assess their current security postures and develop strategie

Snapshot img

The data breach notification software market size has the potential to grow by USD 725.41 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AO Kaspersky Lab, Canopy Software Inc., Exterro Inc. , Infocomply Corp., International Business Machines Corp., OneTrust LLC, PKWARE Inc., Proteus-Cyber Ltd., RADAR LLC, and Thales Group.

Market Overview

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Market Competitive Analysis

The market is fragmented. AO Kaspersky Lab, Canopy Software Inc., Exterro Inc., Infocomply Corp., International Business Machines Corp., OneTrust LLC, PKWARE Inc., Proteus-Cyber Ltd., RADAR LLC, and Thales Group are some of the major market participants. Factors such as the rise in the number of data breach notification regulations will offer immense growth opportunities. However, the lack of awareness regarding cybersecurity may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this data breach notification software market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this data breach notification software market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

AO Kaspersky Lab Canopy Software Inc. Exterro Inc. Infocomply Corp. International Business Machines Corp. OneTrust LLC PKWARE Inc. Proteus-Cyber Ltd. RADAR LLC Thales Group

Data Breach Notification Software Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The increasing number of cyberattacks and threats will significantly influence data breach notification software market's growth in this region.

44% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for data breach notification software in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the data breach notification software market size.

Data Breach Notification Software Market: Key Highlights of the Report for 2020-2024

CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will data breach notification software market growth during the next five years Precise estimation of the data breach notification software market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the data breach notification software industry across North America, Europe, APAC, MEA, and South America A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of data breach notification software market vendors

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The Data Breach Response and Litigation market is experiencing robust growth, projected to reach $87.09 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 12.4% from 2025 to 2033. This expansion is driven by the increasing frequency and severity of data breaches, coupled with stricter data privacy regulations like GDPR and CCPA, leading to heightened litigation risks for organizations. The rising sophistication of cyberattacks and the expanding digital landscape contribute significantly to this market's growth. Major players such as Blake, Cassels & Graydon LLP, Cooley LLP, and Dentons are actively shaping the market landscape, offering specialized legal services and breach response solutions. The market is segmented based on service type (legal counsel, forensic investigation, remediation, etc.), industry vertical (healthcare, finance, retail, etc.), and geographic region. While precise regional breakdowns are unavailable, it's reasonable to expect North America and Europe to hold substantial market shares given their advanced digital infrastructure and stringent data protection laws. The increasing adoption of cloud computing and the Internet of Things (IoT) will likely further fuel market expansion in the coming years. The competitive landscape is characterized by a mix of large international law firms and specialized cybersecurity consultancies. These firms are constantly investing in advanced technologies and expertise to address the evolving nature of cyber threats. However, restraints include the high cost of breach response and litigation, the complexity of navigating diverse regulatory frameworks across different jurisdictions, and the occasional lack of awareness among smaller businesses regarding data security best practices. Future growth will be influenced by technological advancements in cybersecurity, changes in regulatory environments, and the overall economic climate. Further market segmentation and regional analysis would provide a more granular understanding of the market's dynamics and growth potential.

The Cyber Security Breaches Survey, 2025 (CSBS) was run to understand organisations' approaches and attitudes to cyber security, and to understand their experience of cyber security breaches. The aim of the survey was to support the Government by providing evidence that can inform policies which help to make Britain a safer place to do business online. Details of changes for the 2025 survey can be found in the Technical Annex documentation.

These surveys have been conducted annually since 2016 to understand the views of UK organisations on cyber security. Data are 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). The study is funded by the Department for Science, Innovation and Technology (DSIT) and the Home Office.

The underlying data are useful for researchers to better understand the response across a range of organisations and for wider comparability over time. The survey originally only covered businesses but was expanded to include charities from the 2018 survey onwards. From 2020, the survey includes a sample of education institutions (primary and secondary schools, further and higher education). Please note that the UK Data Service only holds data from 2018 onwards.

Further information and additional publications can be found on the "http://GOV.UK Cyber Security Breaches Survey 2025https://www.gov.uk/government/statistics/cyber-security-breaches-survey-2025" target="_blank"> GOV.UK Cyber Security Breaches Survey 2025 web page.

The Account Takeover (ATO) Detection Software market is experiencing robust growth, driven by the escalating frequency and sophistication of online fraud and the increasing reliance on digital platforms for financial transactions and sensitive data access. The market, estimated at $5 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $15 billion by 2033. This growth is fueled by several key factors. Firstly, the rising adoption of cloud-based solutions offers scalability and cost-effectiveness, attracting both large enterprises and SMEs. Secondly, the increasing prevalence of sophisticated hacking techniques, including AI-powered attacks, necessitates more advanced ATO detection solutions. Thirdly, stringent government regulations regarding data privacy and security are pushing organizations to proactively invest in robust security measures, including ATO detection software. The market segmentation reveals a significant preference for cloud-based solutions, reflecting the industry's shift towards agile and flexible security infrastructure. Large enterprises are the primary adopters, due to their greater vulnerability to high-impact ATO attacks and their larger budgets for security investments. However, the increasing digitalization of SMEs is driving demand for affordable and scalable solutions, leading to notable growth in this segment. Geographic distribution shows North America maintaining a dominant market share due to early adoption and a mature technological landscape, but significant growth is anticipated in the Asia-Pacific region fueled by rapid digitalization and increasing e-commerce activity. Competitive rivalry is intense, with established players alongside emerging innovative startups offering diverse solutions catering to varied customer needs. The restraints on market growth are primarily related to the complexity of implementing and maintaining ATO detection systems, requiring specialized expertise and ongoing investment. The high cost of advanced solutions can be prohibitive for smaller businesses, while concerns about false positives and the potential for disruption to legitimate user activity remain ongoing challenges. However, advancements in machine learning and AI are continually improving the accuracy and efficiency of ATO detection, mitigating these concerns. Furthermore, the evolving nature of cyber threats necessitates continuous adaptation and improvement of these systems, requiring ongoing investment in research and development. The future of the market is bright, with continuous innovation driving the development of more sophisticated and effective solutions that will be vital in combating the evolving landscape of cybercrime.

According to 35 percent of Chief Information Security Officers (CISO) from worldwide organizations, an employee or a so-called compromised insider that might inadvertently expose their credentials, giving cybercriminals access to sensitive data, was the most common cause of a data breach. A further 33 percent thought a malicious insider, who would intentionally steal the information would most likely cause a data breach in their organization in the next 12 months.

Data Encryption Market Overview The global data encryption market is projected to register significant growth, with a market size of USD 14.5 billion in 2025 and a CAGR of 16% over the forecast period of 2025-2033. The increasing adoption of cloud computing and digital transformation initiatives are driving the demand for data encryption solutions to protect sensitive data from cyber threats. Additionally, industry regulations, such as GDPR and CCPA, are mandating organizations to implement data encryption measures, further fueling market growth. Market Drivers, Restraints, and Trends Key market drivers include rising cybersecurity threats, increasing data breaches, and the growing need for data privacy. The increasing adoption of IoT and mobile computing is also contributing to the need for data encryption. However, the high cost of implementation and the lack of skilled professionals can pose challenges to market growth. Notable market trends include the emergence of advanced encryption algorithms, such as quantum-safe cryptography, and the integration of encryption with AI and machine learning technologies. Regional factors, such as government regulations and technology adoption rates, also influence the market's growth trajectory. Recent developments include: On Apr. 11, 2023, Menlo Security, a leading provider of browser security solutions, published the results of the 10th Annual Cyberthreat Defense Report (CDR) by the CyberEdge Group. The report, partially sponsored by Menlo Security, highlights the augmenting importance of browser isolation technologies to combat ransomware and other malicious threats., The research revealed that most ransomware attacks include threats beyond data encryption. According to the report, around 51% of respondents confirmed that they have been using at least one type of browser or Internet isolation to protect their organizational data, while another 40% are about to deploy data encryption technology. Furthermore, around 33% of respondents noted that browser isolation is a key cybersecurity strategy to protect against sophisticated attacks, including ransomware, phishing, and zero-day attacks., On Feb.14, 2023, EnterpriseDB, a relational database provider, announced the addition of Transparent Data Encryption (TDE) based on open-source PostgreSQL to its databases. The new TDE feature will be shipped along with the firm's enterprise version of its database. TDE is a method of encrypting database files to ensure data security while at rest and in motion., Adding that most enterprises use TDE for compliance issues helps ensure data encryption on the hard drive and files on a backup. Before the development of built-in TDE, enterprises relied on either full-disk encryption or stackable cryptographic file system encryption., On Jan.25, 2023, Researchers from the Tokyo University of Science, Japan, announced the development of a faster and cheaper method for handling encrypted data while improving security. The new data encryption method developed by Japanese researchers combines the best of homomorphic encryption and secret sharing to handle encrypted data., Homomorphic encryption and secret sharing are key methods to compute sensitive data while preserving privacy. Homomorphic encryption is computationally intensive and involves performing computational data encryption on a single server, while secret sharing is fast and computationally efficient., In this method, the encrypted data/secret input is divided and distributed across multiple servers, each performing a computation, such as multiplication, on its data. The results of the computations are then used to reconstruct the original data., September 2022: Convergence Technology Solutions Corp., a supplier of software-enabled IT and cloud solutions, declared that it has obtained certification in Canada to sell and deploy IBM zsystems and LinuxONE., November 2019: Penta Security Systems announced that it has been selected as a finalist for the 2020 SC Magazine Awards, which are given by SC Media and celebrated in the United States. As a result, MyDiamo from Penta Security has been named the Best Database Security Solution of 2020. Additionally, this will result in the expansion of common-level encryption and improve the open-source DBMS installation procedure.. Potential restraints include: ISSUE REGARDING SECURITY AND DATA BREACH 44, HIGH IMPLEMENTATION COSTS AND COMPLEXITY 45; ISSUE WITH RESPECT TO DATA CONSISTENCY AND INTEROPERABILITY ACROSS DIFFERENT EDGE PLATFORMS 45.

The global Data Privacy Services market is experiencing robust growth, driven by increasing data breaches, stringent data privacy regulations (like GDPR and CCPA), and the rising adoption of cloud computing and big data technologies. The market size in 2025 is estimated at $150 billion, reflecting a significant increase from previous years. A Compound Annual Growth Rate (CAGR) of 15% is projected from 2025 to 2033, indicating a substantial expansion of the market over the forecast period. This growth is fueled by heightened awareness of data protection among businesses and consumers, leading to increased demand for services such as data breach response, compliance consulting, and privacy training. The market is segmented by service type (consulting, technology, and training), industry (healthcare, finance, and technology), and geography. Key players such as Dataguard, Hakkoda, and A-LIGN are actively shaping the market landscape through strategic partnerships, acquisitions, and technological innovation. The continued evolution of data privacy regulations globally, coupled with increasing cyber threats and the rising volume of personal data being collected and processed, will further propel market growth. However, factors such as high implementation costs of data privacy solutions and the shortage of skilled cybersecurity professionals may pose challenges to the market's expansion. Nevertheless, the overall outlook remains optimistic, with significant opportunities for market players to capitalize on the increasing demand for comprehensive data privacy services across diverse industries and regions. This sustained growth trajectory is expected to continue well into the next decade, driven by the ever-increasing importance of safeguarding sensitive data. The market's maturation will also see the emergence of specialized services catering to specific industry needs and technological advancements that enhance the effectiveness and efficiency of data privacy management.

Analysis of ‘List of Top Data Breaches (2004 - 2021)’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/hishaamarmghan/list-of-top-data-breaches-2004-2021 on 14 February 2022.

--- Dataset description provided by original source is as follows ---

This is a dataset containing all the major data breaches in the world from 2004 to 2021

As we know, there is a big issue related to the privacy of our data. Many major companies in the world still to this day face this issue every single day. Even with a great team of people working on their security, many still suffer. In order to tackle this situation, it is only right that we must study this issue in great depth and therefore I pulled this data from Wikipedia to conduct data analysis. I would encourage others to take a look at this as well and find as many insights as possible.

This data contains 5 columns: 1. Entity: The name of the company, organization or institute 2. Year: In what year did the data breach took place 3. Records: How many records were compromised (can include information like email, passwords etc.) 4. Organization type: Which sector does the organization belong to 5. Method: Was it hacked? Were the files lost? Was it an inside job?

Here is the source for the dataset: https://en.wikipedia.org/wiki/List_of_data_breaches

Here is the GitHub link for a guide on how it was scraped: https://github.com/hishaamarmghan/Data-Breaches-Scraping-Cleaning

--- Original source retains full ownership of the source dataset ---

Analysis of ‘Data Breach Notifications Affecting Washington Residents (Personal Information Breakdown)’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/e046c966-f19a-4d3d-aadb-ac5d1a90ff3d on 27 January 2022.

--- Dataset description provided by original source is as follows ---

• Washington law requires entities impacted by a data breach to notify the Attorney General’s Office (AGO) when more than 500 Washingtonians personal information was compromised as a result of the breach. This dataset breaks out the individual types of breached personal information that were identified in each notice our office received. This data is used to produce the AGO’s Annual Data Breach Report. For additional statistics relating to data breaches, also see the main dataset at: https://data.wa.gov/Consumer-Protection/Data-Breach-Notifications-Affecting-Washington-Res/sb4j-ca4h.

--- Original source retains full ownership of the source dataset ---