Beautiful Virgin Islands

Monday, Aug 04, 2025

IBM: Cost of data breaches hit 17-year high

IBM: Cost of data breaches hit 17-year high

The US experienced the most expensive breaches at more than $9 million per incident
Data breaches cost companies an estimated $4.24 million per incident on average - a 17-year high, according to a Wednesday report from IBM.

The global figure represents the highest cost-per-data-breach incident in the 17-year history of IBM's annual "Cost of a Data Breach" report.

"Higher data breach costs are yet another added expense for businesses in the wake of rapid technology shifts during the pandemic," Chris McCurdy, vice president and general manager of IBM Security, said in a Wednesday statement.

He added, however, that "while data breach costs reached a record high over the past year, the report also showed positive signs about the impact of modern security tactics, such as AI, automation and the adoption of a zero trust approach – which may pay off in reducing the cost of these incidents further down the line."

A jarring series of cyberattacks in recent months on private and federal entities - including the 2020 SolarWinds hack, which put hundreds of agencies and companies at risk - and the Colonial Pipeline ransomware attack that led to a temporary gas shortage along the East Coast in May have shed new light on the monetary impacts of cyberattacks and the importance of cybersecurity.

The U.S. experienced the most expensive breaches at more than $9 million per incident, followed by the entire Middle East at $6.9 million and Canada at $5.4 million.

The cost of data breaches also saw a 10% increase compared to last year's report as companies adapted to an increasingly digital workforce due to the COVID-19 pandemic, according to the survey of 500 organizations.

Data breaches cost more than $1 million more on average when remote work was included as a factor in the cyberattack incidents reported, according to IBM.

The health care, retail, hospitality and consumer manufacturing/distribution industries saw the most significant increase in costs related to data breaches. Health care, specifically, recorded an average $9.23 million cost per incident, representing a $2 million increase year-over-year.

Stolen user credentials (such as usernames and passwords) were the most common cause behind data breaches, and customer data (such as names, emails and passwords) was the most common data to be exposed in breaches.

Cyberattack mitigation technology including artificial intelligence (AI), security analytics and encryption helped save companies between $1.25 million and $1.49 million compared to those that did not use those tools.

It also took companies longer on average to detect and contain breaches. Organizations, on average, took 212 days to detect breaches and 75 to contain them.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
×