For the IBM Security-sponsored report, Ponemon Institute conducted interviews with executives from 63 U.S. companies in 16 industries about the costs they incurred after experiencing a data breach.
Here are seven report insights.
1. On average, 28,512 records were breached per incident.
2. Data breaches cost companies an average of $225 per compromised record.
3. The two industries with the highest data breach costs were health ($380 per capita) and financial ($336 per capita).
4. It took an average of 206 days for an organization to identify a data breach and 55 days to contain the data breach.
5. If an organization detected a breach in fewer than 100 days, the total cost was $2.71 million less than if the breach had been detected after 100 days.
6. Fifty-two percent of organizations said their data breach was caused by a malicious or criminal attack. System glitches and human error accounted for the remaining 48 percent of data breaches.
7. Data breaches lost companies an average of $4.03 million, up from $3.32 million in 2016.
Click here to view the full report.
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