As of 2023, the average cost of a data breach in the United States amounted to 9.48 million U.S. dollars, up from 9.44 million U.S. dollars in the previous year. The global average cost per data breach was 4.45 million U.S. dollars in 2023.
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 the past decade. In 2023, Canada followed the U.S. by data breach costs, with an average of 5.13 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 2023 amounted to around 4.21 million U.S. dollars, while in Germany it stood at 4.67 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 third consecutive year, the global healthcare sector registered the highest costs of data breach, which in 2023 amounted to about 11 million U.S. dollars. Financial institutions ranked second, with an average cost of nearly six million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with 1.58 U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.
Average cost of a data breach in the United States from 2006 to 2023
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The source adds the following information: "Our researchers collected in-depth
qualitative data through over 3,475 separate interviews with individuals at 553
organizations that suffered a data breach between March 2022 and March 2023. Breaches included in the study ranged from 2,200 to 102,000 compromised records."
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IBM. (July 24, 2023). Average cost of a data breach in the United States from 2006 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/
IBM. "Average cost of a data breach in the United States from 2006 to 2023 (in million U.S. dollars)." Chart. July 24, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/
IBM. (2023). Average cost of a data breach in the United States from 2006 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/
IBM. "Average Cost of a Data Breach in The United States from 2006 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 24 Jul 2023, https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/
IBM, Average cost of a data breach in the United States from 2006 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/ (last visited September 01, 2024)
Average cost of a data breach in the United States from 2006 to 2023 (in million U.S. dollars) [Graph], IBM, July 24, 2023. [Online]. Available: https://www.statista.com/statistics/273575/us-average-cost-incurred-by-a-data-breach/