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 February 2024, the global average cost per data breach amounted to **** million U.S. dollars, an increase from **** million U.S. dollars in the previous year. The average cost of a data breach varied across sectors, with the highest average cost in the healthcare industry.

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

Between March 2024 and February 2025, 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 lower, an average of **** million U.S. dollars during the measured period.

Data breaches cost companies considerably less had they deployed security automation. In 2024, a data breach cost an organization that extensively used security automation 3.84 million U.S. dollars on average, compared to 5.72 million U.S. dollars on average for an organization with no such deployment.

During the second quarter of 2025, data breaches exposed more than ** million records worldwide. Since the first quarter of 2020, the highest number of data records were exposed in the third quarter of ****, more than *** billion 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.

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

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.

It started with a strange email. The kind you usually ignore. But for one midsize healthcare firm in Ohio, clicking that link changed everything. Within hours, sensitive patient records were encrypted, and hackers demanded payment in cryptocurrency. By the time IT figured out the breach, over 1.4 million records were...

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.

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

According to Cognitive Market Research, the Global Information Security Consulting Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

The Asia-Pacific region has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
North America is the fastest growing with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Cloud Security has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The cloud segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Large Enterprise has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The BFSI segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Market Dynamics

Key drivers

The increasing number of cyber-attacks globally is favoring market growth

Strong security solutions are in more demand as a result of the growing anxiety that cyber assaults are causing among both individuals and enterprises. Any hostile action directed towards computer networks, infrastructures, personal computers, smartphones, or computer information systems is called a cyberattack. Because of this and the need for more stringent security and regulatory compliance, the information security consulting industry is growing quickly. For instance, according to McKinsey and company, cyberattacks are on track to cause $10.5 trillion a year in damage by 2025. That’s a 300 percent increase from 2015 levels. To protect against the onslaught, organizations around the world spent around $150 billion on cybersecurity in 2021, and this sum is growing by 12.4 percent a year. In all industries combined, the average cost of a single data breach as of 2022 was approximately 4.35 million US dollars. The healthcare industry was shown to be the most expensive for this, with each leak estimated to have cost the impacted party a whopping 10.1 million dollars. The segment on finances was closely followed. The Cam4 data breach in March 2020, which revealed over 10 billion data records, was the largest known data leak as of January 2024. The Yahoo data breach, which happened in 2013, is currently the second-largest data breach in history. To compact these increasing data breaches and cybercrimes, many company solutions have been in development and adopted. Cloud migration will remain a key component of many organizations' technological agendas. For this reason, cloud providers must be able to safeguard both standard and customized cloud configurations. Furthermore, there is a sharp rise in the demand for cyber security in the fields of healthcare, banking and financial services, aviation, and automobiles. Some of the main factors driving the demand for technologically advanced information security solutions among businesses are the emergence of IoT and connected technologies, the quick adoption of smartphones for digital payments, and the use of unsecured networks for accessing organizational servers. Therefore, the market is expected to grow significantly in the coming years.

(Source-http://https://www.statista.com/statistics/290525/cyber-crime-biggest-online-data-breachesworldwide/#:~:text=The%20largest%20reported%20data%20leakage,data%20breach%2C%20occurred%20in%202013.)

The rise in the number of regulations and developments has favoured the market growth

As cyber risks continue to grow, information security has become a key concern for both individuals and enterprises. The laws and regulatory requirements that are propelling the information security market's expansion are intended to strengthen cybersecurity defenses and shield private information from nefarious individuals. For instance, The United States government enacted two cybersecurity laws into law in June 2022. The first bill, the State and Local Government Cybersecurity Act of 2022, aims to improve cooperation between state, territorial, local, and tribal governments as well as the Cybersecurity and Infrastructure Security Agency (CISA). It is anticipated that these important actions will boost the i...

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

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

Cyber Security Insurance Market Outlook

The global cyber security insurance market size was valued at approximately USD 11 billion in 2023 and is expected to grow significantly to reach around USD 44 billion by 2032, exhibiting a remarkable compound annual growth rate (CAGR) of roughly 16.5%. This robust growth is primarily driven by the increasing frequency and sophistication of cyber threats, which have compelled organizations across various sectors to invest in insurance solutions that can mitigate potential risks and financial losses associated with data breaches and cyber-attacks. As businesses continue to digitize their operations, the demand for comprehensive cyber security insurance policies is expected to rise exponentially, providing a substantial growth opportunity for insurance providers worldwide.

One of the key growth factors for the cyber security insurance market is the escalating number of cyber incidents globally. The digital transformation journey undertaken by many organizations has exposed them to a wider array of cyber threats, ranging from ransomware attacks to data breaches. These incidents not only result in significant financial losses but also damage brand reputation and customer trust. Consequently, businesses are increasingly recognizing the importance of having a robust insurance plan that can offer financial protection and support in the event of a cyber incident. Additionally, regulatory frameworks around data protection and privacy are becoming more stringent, prompting companies to adopt cyber insurance as part of their compliance strategies.

Moreover, the increasing awareness of cyber risks among small and medium-sized enterprises (SMEs) is another pivotal factor contributing to market growth. SMEs often lack the resources to invest in advanced cybersecurity measures, making them vulnerable to cyber-attacks. As a result, many are turning to cyber insurance as a viable solution to bolster their cyber risk management strategies. Insurers are responding by offering tailored policies suited to the specific needs and budgets of SMEs, thereby expanding their reach and increasing market penetration. This trend is expected to continue, driven by the realization among SMEs of the catastrophic consequences that cyber incidents can have on their operations.

Technological advancements and the proliferation of cloud-based services are also catalyzing the growth of the cyber security insurance market. The shift towards cloud computing and remote work has expanded the attack surface for cybercriminals, thereby elevating the risk of security breaches. In response, insurers are developing innovative products that cover cloud-specific risks, offering protection against potential vulnerabilities in cloud infrastructure. This adaptability and innovation in product offerings are attracting a wider range of customers and are likely to sustain market expansion over the forecast period.

Regionally, North America is expected to maintain its dominance in the cyber security insurance market, driven by the early adoption of technology and a well-established insurance sector. The region's strong regulatory landscape, coupled with the presence of major players, contributes to its leading position. However, Asia Pacific is projected to exhibit the highest growth rate, with a CAGR of over 18% during the forecast period. This growth is fueled by the rapid digitization of economies such as China and India, alongside increasing awareness of cyber risks. Europe is also anticipated to witness substantial growth due to stringent data protection regulations and increasing incidents of cyber threats across the region.

Coverage Type Analysis

The cyber security insurance market is segmented by coverage type, which includes data breach, cyber liability, business interruption, and others. Data breach insurance remains one of the most sought-after coverages, driven by the alarming increase in incidents where sensitive information is compromised. As cybercriminals develop more sophisticated methods to infiltrate systems, businesses are under immense pressure to protect their customer and employee data. Data breach insurance provides critical financial and support services, including coverage for legal fees, notification costs, and credit monitoring services, making it an essential component of an organization's risk management strategy.

Cyber liability insurance is another significant coverage type within the market, addressing the third-party claims associated with cyber incidents. This can include legal costs, settlements, and judgments related to data breaches

An extensive dataset offering key insights into cyber security statistics and trends for 2025, including data breaches, cybercrime costs, threat vectors, and industry-specific impacts.

Cloud Security Statistics: Cloud computing can bring many benefits to companies. However, they are also susceptible to being ruined because of the inability to ensure the proper security of information and privacy protections when using cloud computing. This in turn results in higher costs and potential losses to businesses. We will explore more details regarding Cloud Security Statistics in this report. Cloud adoption has risen dramatically over the last few years. Although many organizations were already in the cloud the COVID-19 outbreak has helped accelerate this transition. With the widespread use of remote work, organizations are required to provide support and essential services to their remote workforce. In the end, more than 90% of companies employ some form of cloud-based infrastructure. In addition, more than three-quarters (76 percent) are using multi-cloud deployments made up of at least two cloud service providers. These cloud environments host crucial applications for business and also protect sensitive customer and company information. With the shift to cloud computing comes an increased necessity to collect Cloud Security Statistics. Cloud-hosted applications need to be secured against attacks and cloud-hosted information must be secured against unauthorized access as per the applicable laws. Cloud environments are in a significant way from the on-prem infrastructure this means that the traditional security tools and methods don't always work when working in the cloud. In the end, many companies are confronted with major issues when it comes to securing their cloud-based infrastructure. Editor’s Choice 60% of global corporate data are stored on the cloud. 94% of businesses globally use one or more cloud computing services. It is estimated that the global Cloud Security Statistics market is projected to expand from $480 billion in 2022 to $2.297 trillion by 2032. With 32 percent, Amazon AWS owns the largest market share in cloud computing. 39% of businesses said they've been the victim of data breaches in their cloud environments. The amount of public money spent on cloud computing services is forecast to hit $597.3 billion by 2023. This will increase by 21.7 percent. 92% of companies have embraced a multi-cloud strategy. The market for cloud-based technology is predicted to reach $ 864 billion in 2025. It is expected to grow at an annual rate of 12.8 percent per year. Global storage of data will be greater than 200 Zettabytes of data by 2025. In 2025, more than 100 zettabytes of data are expected to remain in cloud storage. (Cloudwards) 89% of businesses have a multi-cloud strategy. (Flexera) 71 percent of Americans use cloud storage such as Dropbox as well as iCloud. (Statista) 48% of data from companies is stored in the cloud. (Panda Security) The market for cloud computing by 2020 is $371.4 billion. (Globe Newswire) Spending by end-users worldwide on public cloud services is expected to increase by 23.1 percent in 2021. (Gartner) With 83% of cloud users, security is the most frequent issue in cloud adoption. (Cloudwards) 52% of businesses want cloud-based solutions that include security tools. (Cloudwards)

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.