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.

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.

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.

As of January 2025, the most significant data breach incident in the United Kingdom (UK) was the 2017-2018 Dixons Carphone breach. As a result of this incident, 14 million user records were affected, and 5.6 million payment card information was exposed. The Equifax data breach between 2011 and 2016 impacted over 15 million customers nationwide.

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.

Between 2008 and 2024, the most significant data breach in the financial industry worldwide was detected in 2019 in the United States at the First American Financial Corporation. This data breach caused the leakage of *** million financial and personal records. The financial industry is one of the most targeted sectors by cyberattacks that lead to data breaches. However, cyber-attacks are not the only reason for a data breach. Sometimes data compromise occurs due to other reasons, such as system errors.

In 2024, numerous data breach incidents were disclosed, causing uncertainty among customers. Some of the incidents have refused to disclose the exact number of individuals impacted, so the impact in these cases is only estimated. The largest data breach is believed to have impacted every American, with around ************* records being breached. A UK-based pathology lab, Synnovis, saw a ransomware attack in July 2024, which impacted approximately *** million patients.

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...

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.

In 2023, the most significant registered case of a data compromise in the United States, based on the number of affected individuals, was the T-Mobile data breach incident in January of that year. As a result of this incident, it is estimated that the e-mail addresses of about 37 million users were leaked. The second major data breach incident involved Comcast-owned Xfinity. This incident exposed over 35 million of the personal data of the internet provider's customers.

Version 3 with 517M hashes and counts of password usage ordered by most to least prevalent Pwned Passwords are 517,238,891 real world passwords previously exposed in data breaches. This exposure makes them unsuitable for ongoing use as they re at much greater risk of being used to take over other accounts. They re searchable online below as well as being downloadable for use in other online system. The entire set of passwords is downloadable for free below with each password being represented as a SHA-1 hash to protect the original value (some passwords contain personally identifiable information) followed by a count of how many times that password had been seen in the source data breaches. The list may be integrated into other systems and used to verify whether a password has previously appeared in a data breach after which a system may warn the user or even block the password outright.

As of June 2025, 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.

In November 2023, around 11.5 million e-mail accounts of LinkedIn users were made available online, making it the most significant case of personal data compromise worldwide in 2023. This was followed by four Russian platforms, Chitai-gorod, Book24, Gloria Jeans, and SberSpasibo. As a result of these incidents, 20.2 million e-mail accounts were exposed.

Between May 2018 and September 2024, France saw eight incidents of significant data breaches. The first recorded case was the May 2018 data breach at Apollo.io. The marketing company based in San Francisco lost approximately 10.93 million data records from French users. The latest reported data breach incident occurred at the France-based security company Thales. As a result of this incident, 9.5 GB of archive files were leaked.

The India Cybersecurity Market Report is Segmented by Offering (Solutions [Application Security, Cloud Security, and More], Services [Professional Services, and More]), Deployment Mode (Cloud, On-Premise), End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail and E-Commerce, and More), End-User Enterprise Size (Large Enterprises, Smes). The Market Forecasts are Provided in Terms of Value (USD).

According to cognitive market research, the global biometric identification market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.

Biometrics is the process of confirming, identifying, and recognizing people based on their physical characteristics or actions. A person's identity is compared to a biometric template that is already kept up to date in the database.
Through encouraging greater adoption and integration of these technologies, government initiatives play a critical role in propelling the growth of the biometrics market.
The biometrics market is severely constrained by the absence of standardization, which affects both overall demand and growth.
North America led the market with the biggest market share of xx% in 2024. Due to its robust technological infrastructure, high awareness and acceptance of advanced security solutions, and stringent regulatory frameworks.
Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the biometric identification market.

Market Dynamics of the Automotive Biometric Identification Market

Key Drivers of the Automotive Biometric Identification Market

Government initiatives are significantly boosting the market growth

Through encouraging greater adoption and integration of these technologies, government initiatives play a critical role in propelling the growth of the biometrics market. Globally, a growing number of governments are realizing how important biometrics are to improving identity management, public services, and national security. Governments want to use biometric solutions to effectively identify and authenticate people through programs like national ID programs and border control systems. The increased demand for biometrics is also fueled by regulatory support and compliance requirements. The advancement of advanced biometric technologies is driven by governments putting policies in place to protect citizens' identities and address security concerns. Consequently, the market grows as more people and companies look for dependable, government-approved biometric solutions, creating a more diverse range of biometric applications. • For instance, the Indian government's Aadhaar program, a biometric identification system, has enrolled over 1.25 billion people as of 2021. (Source:https://sciencespo.hal.science/hal-03389153/document)

• For instance, in May 2024, the UK Government announced that it would spend US$ 295 million on biometrics for police. In line with this, in June 2023, the Canadian government declared that biometric data submission would be a mandatory component of the application process for all candidates seeking permanent residence. (Source:https://www.biometricupdate.com/202403/uks-230-million-plan-to-implement-police-facial-recognition-and-drones)

Data Breaches and Cybersecurity Attacks drive the market for biometric identification

Because biometric technology uses human behavior patterns as a parameter, it has proven to be superior to traditional recognition techniques by maintaining data security and encryption. One technological advantage is the permanence and uniqueness of fingerprint and iris patterns. If the supplied biometric data is secure and encrypted, then the benefits of biometric identity and authentication can be fully realized. Companies advise users to take precautionary steps in the event of a data breach, such as updating account information and changing passwords. These security measures, however, are not enough to protect biometric data. As a result, companies are now providing multi-level biometric authentication solutions, which can provide an extra layer of protection in risky scenarios where data security and privacy are crucial.

• For instance, in August 2022 - The Minister of Finance Economic Planning and the Ambassador of Japan to Rwanda signed the Exchange of Notes (E/N) for Japan's Grant Aid amounting to 550 million Yen (around USD 4 million). The Grant will be used by the Government of Rwanda to procure an advanced Automated Fingerprint Identification System for Criminal Investigation (Criminal AIFS), which will contribute to improving Rwanda's crime investigation capacity and enhancing the accuracy and efficiency of investigations. This sy...

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

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 a 2023 survey on cybersecurity readiness, 28 percent of the surveyed senior business, tech, and security executives in India claimed the damage caused by cyberattacks within their organizations over the past three years was worth between one and nine million U.S. dollars. Meanwhile, only seven percent of respondents attested to not having experienced any data breaches over that period. The rate of cybercrime in India has increased dramatically over the past few years.

In the third quarter of 2024, over ******* personal data points were exposed to data breaches in Norway, marking a considerable increase compared to the quarter prior. In the measured period, the highest number of exposed data records, more than ***********, was registered in the first quarter of 2021.