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.
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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.
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Over 95% of cybersecurity breaches occur as a result of human error.
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Data breaches cost companies and businesses a lot of money. The average cost of a data breach is $3.86 million.
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.
As of December 2024, the most significant data breach incident in the United States was the Yahoo data breach that dates back to 2013-2016. Impacting over three billion online users, this incident still remains one of the most significant data breaches worldwide. The second-biggest case was the January 2021 data breach at Microsoft, involving about 30 thousand companies in the United States and around 60 thousand companies around the world.
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Did the COVID-19 pandemic really affect cybersecurity? Short answer – Yes. Cybercrime is up 600% due to COVID-19.
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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.
View Data Breach Notification Reports, which include how many breaches are reported each year and the number of affected residents.
Between January and November 2023, California was the U.S. state with the highest number of reported data breach incidents targeting the government. In the measured period, the government agencies saw 16 cases of data breaches. Texas ranked second, with eight incidents. Overall, 137 cases of government data breaches were recorded in the United States.
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Pay attention to the following cybersecurity statistics to learn how to protect yourself from attacks.
Incidents of data breaches in the Philippines reached roughly 0.7 million during the fourth quarter of 2024, indicating a decrease from the previous quarter. The number of data breaches peaked in the second quarter of 2020 at the height of the COVID-19 pandemic. Challenges in cybersecurity As one of the countries in Asia with a high internet penetration, Filipino online users have been surfing the web to access social media and other entertainment platforms. Recently, particularly at the height of the global pandemic, Filipino internet users also adopted online shopping and digital payment services for their essential and non-essential needs. With the increased digitalization of most services comes the heightened risk of being a victim of cyber threats such as phishing, online scams, data theft, and mobile malware. Such incidents were especially prominent among users lacking cyber hygiene or those unaware of how to protect their personal information when doing their online transactions. Cybersecurity market insights Despite the increased risks of online threats in the Philippines, the cybersecurity market remains modest compared to other countries. In particular, the Philippines ranked 12th out of 14 among countries in the Asia-Pacific region regarding the size of its cybersecurity market and was forecast to grow to about 344 million U.S. dollars in 2028.
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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.
In 2023, the healthcare industry in the United States remained the most targeted by cyber attacks, resulting in data compromises. Compared to 2022, the number of data compromise incidents in the U.S. healthcare industry increased more than twice. The financial services sector ranked second, with 744 data compromise incidents, representing a significant increase, too.
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.
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Revenue in the cybersecurity industry worldwide reached $146.32 billion in 2022.
Data Exfiltration Market Size 2024-2028
The data exfiltration market size is forecast to increase by USD 31.14 billion at a CAGR of 9.7% between 2023 and 2028.
In the market, the concern for data security continues to be a primary driver. With the increasing use of applications and the digitalization of businesses, the risk of data breaches through malware attacks has become a significant challenge. Telecom and IT sectors are particularly vulnerable to such threats, making the need for effective data security solutions more pressing. Antivirus and anti-malware solutions, as well as intrusion prevention systems, have emerged as crucial tools to combat these risks. However, the high cost of implementing these solutions can be a challenge for smaller organizations. As businesses continue to rely on trade secrets and sensitive information, the importance of strong security measures cannot be overstated.
What will the size of the market be during the forecast period?
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Data exfiltration, the unauthorized transfer of sensitive data from an organization's IT infrastructure, has emerged as a significant concern for businesses worldwide. This illicit activity can result in financial losses, reputational damage, and legal consequences. In this article, we delve into the data exfiltration landscape, discussing the threats, mitigation strategies, and best practices for organizations to protect their valuable data. Data exfiltration can occur through various means, including malware, phishing attacks, insider threats, and vulnerabilities in cloud technology. Malware, such as ransomware, can encrypt data and demand a ransom for its release. Phishing attacks can trick employees into revealing sensitive information, while insiders with authorized access can intentionally or unintentionally leak data. Vulnerabilities in cloud technology can also provide an avenue for attackers to exfiltrate data. To mitigate data exfiltration risks, organizations must implement a multi-faceted approach. First, they should focus on securing their networks and endpoints. Network segmentation, multi-factor authentication, and endpoint security are essential components of a Strong security strategy. Regular security audits, vulnerability assessments, and threat intelligence can help identify and address vulnerabilities before they are exploited. Second, organizations should prioritize data protection. Data encryption, compliance regulations, and digital forensics are crucial for safeguarding sensitive information.
Compliance with regulations like GDPR can help ensure that organizations handle data responsibly and mitigate the risk of data breaches. Third, employee productivity and cybersecurity awareness training are vital. Employees are often the weakest link in an organization's security posture. Regular training on cybersecurity best practices, such as secure coding practices, can help prevent data exfiltration through human error. Fourth, organizations should consider implementing zero trust security. Zero trust security assumes that all users and devices are potential threats and requires verification of their identity and the security of their devices before granting access to sensitive data. Fifth, cybersecurity insurance can provide financial protection against data exfiltration incidents. However, insurance policies should not replace Strong security measures. Lastly, organizations should have a data exfiltration response plan in place. A well-defined response plan can help minimize the damage caused by a data exfiltration incident and ensure that the organization can recover quickly. In conclusion, data exfiltration is a significant threat to businesses, and organizations must take a proactive approach to mitigate the risks. A multi-faceted security strategy that includes securing networks and endpoints, prioritizing data protection, focusing on employee productivity and cybersecurity awareness, implementing zero trust security, and having a data exfiltration response plan in place are essential components of an effective data exfiltration mitigation strategy.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
SMEs
Large enterprise
Geography
North America
Canada
US
Europe
Germany
UK
France
Italy
APAC
China
India
Japan
South Korea
South America
Middle East and Africa
By Type Insights
The SMEs segment is estimated to witness significant growth during the forecast period.
The market is experiencing notable growth due to several factors. In the US market, Small and Medium Enterprises (SMEs) in developing
As of 2024, the mean number of days to identify the data breaches was *** days, four percent less than in the previous year. The mean time companies needed to contain the breaches in 2024 was ** days. In comparison, in 2022, it took organizations *** days to identify and ** days to address the data breaches.
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.