Brown Smith Wallace Cyber Security Infographic
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Cyberattacks remain one of the biggest threats an organization can face. From lost records to lost business, many businesses falter in attempts to recover from a data breach.
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2016 Cost of Data Breach Study Global Analysis .docx
2016 Cost of Data Breach Study:
Global Analysis
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
June 2016
Ponemon Institute© Research Report
Ponemon Institute© Research Report Page 1
20161 Cost of Data Breach Study: Global Analysis
Ponemon Institute, June 2016
Part 1. Introduction
IBM and Ponemon Institute are pleased to release the 2016 Cost of Data Breach Study: Global
Analysis. According to our research, the average total cost of a data breach for the 383
companies participating in this research increased from $3.79 to $4 million2. The average cost
paid for each lost or stolen record containing sensitive and confidential information increased
from $154 in 2015 to $158 in this year’s study.
In addition to cost data, our global
study looks at the likelihood of a
company having one or more data
breach occurrences in the next 24
months. We estimate a 26 percent
probability of a material data breach
involving 10,000 lost or stolen records.
According to this year’s findings,
organizations in Brazil and South
Africa are most likely to have a material data breach involving 10,000 or more records. In
contrast, organizations in Germany and Australia are least likely to experience a material data
breach.
In this year’s study, 383 companies located in the following 12 countries participated: United
States, United Kingdom, Germany, Australia, France, Brazil, Japan, Italy, India, the Arabian
region (United Arab Emirates and Saudi Arabia), Canada and, for the first time, South Africa. All
participating organizations experienced a data breach ranging from approximately 3,000 to
slightly more than 101,500 compromised records3. We define a compromised record as one that
identifies the individual whose information has been lost or stolen in a data breach.
Seven global megatrends in the cost of data breach research
Over the many years studying the data breach experience of 2,013 organizations in every
industry, the research has revealed the following seven megatrends.
1. Since first conducting this research, the cost of a data breach has not fluctuated significantly.
This suggests that it is a permanent cost organizations need to be prepared to deal with and
incorporate in their data protection strategies.
2. The biggest financial consequence to organizations that experienced a data breach is lost
business. Following a data breach, organizations need to take steps to retain customers’ trust
to reduce the long-term financial impact.
3. Most data breaches continue to be caused by criminal and malicious attacks. These
breaches also take the most time to detect and contain. As a result, they have the highest
cost per record.
4. Organizations recognize that the longer it takes to detect and contain a data breach the more
costly it becomes to resolve. Over the years, detection and escalation costs in our research
...
2015 cost of data breach study
2015 Cost of Data Breach Study: Global Analysis
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
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2015 cost of data breach study global analysis
2015 Cost of Data Breach Study:
Global Analysis
By: Ponemon Institute
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
May 2015
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Cost of Data Breach Study in 2015 - United States - Presented by IBM and Pono...
IBM and Ponemon Institute are pleased to present the 2015 Cost of Data Breach Study: United
States, our 10th annual benchmark study on the cost of data breach incidents for companies
located in the United States. The average cost for each lost or stolen record containing sensitive
and confidential information increased from $201 to $217. The total average cost paid by
organizations increased from $5.9 million to $6.5 million.
Ponemon Institute conducted its first
Cost of Data Breach study in the
United States 10 years ago. Since
then, we have expanded the study to
include the United Kingdom,
Germany, France, Australia, India,
Italy, Japan, Brazil, the United Arab
Emirates and Saudi Arabia, and for
the first time, Canada. To date, 445
US organizations have participated in
the benchmarking process since the inception of this research.
This year’s study examines the costs incurred by 62 U.S. companies in 16 industry sectors after
those companies experienced the loss or theft of protected personal data and then had to notify
breach victims as required by various laws. It is important to note the costs presented in this
research are not hypothetical, but are from actual data loss incidents. They are based upon cost
estimates provided by individuals we interviewed over a ten-month period in the companies that
are represented in this research.
The number of breached records per incident this year ranged from 5,655 to 96,550 records. The
average number of breached records was 28,070. By design, we do not include cases involving
more than 100,000 compromised records because they are not indicative of data breaches
incurred by most organizations. Thus, to include them in the study would artificially skew the
results.
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Are you protected from potential network and privacy exposures? Any business that use technology to collect confidential customer information need to know the facts and risks associated with data breach liability and not having proper Network Security/Privacy/Cyber Protection.
The 2016 Ponemon Cost of a Data Breach Study
View on-demand webinar: https://securityintelligence.com/events/2016-ponemon-cost-data-breach/
Please join IBM and Larry Ponemon, Chairman and President of the Ponemon Institute, as he shares the results of his 2016 Cost of a Data Breach study and discusses the implications of the study for today’s businesses with Adam Trunkey, Portfolio Marketing Executive, for IBM Security Services.
In this on-demand webinar, you will learn the key findings of the study, including:
- What are the major cost implications from a security incident perspective in key geographies across the globe
- Key industries affected and what were the specific costs reported by respondents
- Major factors that affect the financial consequences of a data breach
- What mega trends are developing based on a decade of studying data breaches?
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- Bubble Post receives goods at city outskirts, consolidates them, and uses optimized routes and green vehicles to do timed deliveries to homes in cities. This helps reduce the 13-75% of total logistics costs usually spent on "last mile" deliveries.
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The document summarizes the key findings of a 2016 study on the cost of data breaches in Brazil conducted by IBM and Ponemon Institute. Some of the main findings include:
- The average per capita cost of a data breach for Brazilian companies increased significantly from R$175 to R$225. The total average organizational cost also rose from R$3.96 million to R$4.31 million.
- Malicious attacks were the leading cause of data breaches and had the highest per capita cost at R$256, followed by system glitches at R$211 and employee negligence at R$200.
- Certain industries like services, energy and financial services saw higher per capita costs above the
2016 Cost of Data Breach Study Global Analysis .docx
2016 Cost of Data Breach Study:
Global Analysis
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
June 2016
Ponemon Institute© Research Report
Ponemon Institute© Research Report Page 1
20161 Cost of Data Breach Study: Global Analysis
Ponemon Institute, June 2016
Part 1. Introduction
IBM and Ponemon Institute are pleased to release the 2016 Cost of Data Breach Study: Global
Analysis. According to our research, the average total cost of a data breach for the 383
companies participating in this research increased from $3.79 to $4 million2. The average cost
paid for each lost or stolen record containing sensitive and confidential information increased
from $154 in 2015 to $158 in this year’s study.
In addition to cost data, our global
study looks at the likelihood of a
company having one or more data
breach occurrences in the next 24
months. We estimate a 26 percent
probability of a material data breach
involving 10,000 lost or stolen records.
According to this year’s findings,
organizations in Brazil and South
Africa are most likely to have a material data breach involving 10,000 or more records. In
contrast, organizations in Germany and Australia are least likely to experience a material data
breach.
In this year’s study, 383 companies located in the following 12 countries participated: United
States, United Kingdom, Germany, Australia, France, Brazil, Japan, Italy, India, the Arabian
region (United Arab Emirates and Saudi Arabia), Canada and, for the first time, South Africa. All
participating organizations experienced a data breach ranging from approximately 3,000 to
slightly more than 101,500 compromised records3. We define a compromised record as one that
identifies the individual whose information has been lost or stolen in a data breach.
Seven global megatrends in the cost of data breach research
Over the many years studying the data breach experience of 2,013 organizations in every
industry, the research has revealed the following seven megatrends.
1. Since first conducting this research, the cost of a data breach has not fluctuated significantly.
This suggests that it is a permanent cost organizations need to be prepared to deal with and
incorporate in their data protection strategies.
2. The biggest financial consequence to organizations that experienced a data breach is lost
business. Following a data breach, organizations need to take steps to retain customers’ trust
to reduce the long-term financial impact.
3. Most data breaches continue to be caused by criminal and malicious attacks. These
breaches also take the most time to detect and contain. As a result, they have the highest
cost per record.
4. Organizations recognize that the longer it takes to detect and contain a data breach the more
costly it becomes to resolve. Over the years, detection and escalation costs in our research
...
2015 cost of data breach study
2015 Cost of Data Breach Study: Global Analysis
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
May 2015
2015 cost of data breach study global analysis
2015 Cost of Data Breach Study:
Global Analysis
By: Ponemon Institute
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
May 2015
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Étude indépendante conduite par l'Institut Ponemon LLC May 2015 sur le coût des intrusions de données en France.
Cost of Data Breach Study in 2015 - United States - Presented by IBM and Pono...
IBM and Ponemon Institute are pleased to present the 2015 Cost of Data Breach Study: United
States, our 10th annual benchmark study on the cost of data breach incidents for companies
located in the United States. The average cost for each lost or stolen record containing sensitive
and confidential information increased from $201 to $217. The total average cost paid by
organizations increased from $5.9 million to $6.5 million.
Ponemon Institute conducted its first
Cost of Data Breach study in the
United States 10 years ago. Since
then, we have expanded the study to
include the United Kingdom,
Germany, France, Australia, India,
Italy, Japan, Brazil, the United Arab
Emirates and Saudi Arabia, and for
the first time, Canada. To date, 445
US organizations have participated in
the benchmarking process since the inception of this research.
This year’s study examines the costs incurred by 62 U.S. companies in 16 industry sectors after
those companies experienced the loss or theft of protected personal data and then had to notify
breach victims as required by various laws. It is important to note the costs presented in this
research are not hypothetical, but are from actual data loss incidents. They are based upon cost
estimates provided by individuals we interviewed over a ten-month period in the companies that
are represented in this research.
The number of breached records per incident this year ranged from 5,655 to 96,550 records. The
average number of breached records was 28,070. By design, we do not include cases involving
more than 100,000 compromised records because they are not indicative of data breaches
incurred by most organizations. Thus, to include them in the study would artificially skew the
results.
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In this on-demand webinar, you will learn the key findings of the study, including:
- What are the major cost implications from a security incident perspective in key geographies across the globe
- Key industries affected and what were the specific costs reported by respondents
- Major factors that affect the financial consequences of a data breach
- What mega trends are developing based on a decade of studying data breaches?
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2015 Cost of Data Breach Study: Impact of Business Continuity Management
Germany and Japan are most likely to involve BCMs when dealing with data breaches.
Figure 8 shows the percentage of BCM team involvement in incident planning and execution for
11 country samples. Similar to last year, Germany (DE) has the highest rate of BCM involvement
with 71 percent of German companies reporting they have a BCM team. In contrast, only 30
percent of Brazilian (BZ) companies have BCM involvement. It is interesting to note that with one
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Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
It’s no secret that companies around the world are under attack. Prior to COVID-19, breach rates were on the rise, but now hackers have only become more aggressive in their attempt to steal or hijack your data to try to extort money and do irreparable harm to your company’s reputation.
In this C-Suite Snacks webinar, we covered how to combat these attacks by understanding the risks and preparing to respond.
Key Takeaways:
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- Knowledge on the methods hackers are using to infiltrate organizations
- Methods to prepare your organization for attack and response
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Since October 2015, merchant banks have taken the necessary steps to prevent fraud by issuing chip and pin cards to their customers. By putting these smart cards in consumers’ wallets, banks are shifting the liability of fraud from them to you, the merchant. These smart payment cards and the terminals that accept them are the new technical standard for card payment, and are often referred to as EMV.
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