Data breach cost rises to $4 million per incident; U.S. victims hit even harder

The incurred cost of being hit with a data breach for small and large corporations rose by double digits over the last five years to almost $4 million per breach.

IBM’s worldwide annual study looking at the financial impact suffered by data breach victims rose 12 percent over the last five years, with larger firms – those with more than 500 employees – losing $3.92 million, and smaller enterprises – those with fewer than 500 workers – suffering losses of $2.5 million.

IBM also looked at the long-term impact of a data breach, noting that while 67 percent of the financial damage is incurred during the first year, 22 percent is accrued in the second year and 11 percent in the third year after the breach.

Please register to continue.

Already registered? Log in.

Once you register, you’ll receive:

  • News analysis

    The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.

  • Archives

    Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.

  • Daily Newswire

    SC Media’s essential morning briefing for cybersecurity professionals.

  • Learning Express

    One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.

Next post in Data Breach

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.