Health Industry Sees Biggest Cost Caused by Data Breaches

by Arkansas Business Staff  on Monday, Feb. 4, 2019 12:00 am   1 min read

The cost of data breaches worldwide varies by industry.

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Sectors that are highly regulated, such as health care and financial services, have a per capita data breach cost much higher than the average.

Worldwide, the average cost of a data breach is $3.86 million, and the average cost per lost or stolen record is $148.

The information comes from “2018 Cost of a Data Breach Study: Global Overview,” a report sponsored by IBM Security, a division of IBM of Armonk, New York, and conducted by the Ponemon Institute LLC of Traverse City, Michigan. The report is based on interviews with more than 2,200 IT, data protection and compliance professionals from 477 companies that have experienced a data breach over the past 12 months.

 

 

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