The Cost of a Data Breach Report 2024, now in its 19th year, delivers essential insights to help security and IT teams better manage risk and limit potential losses.

Key Findings

The average cost of a data breach jumped to USD 4.88 million from USD 4.45 million in 2023, a 10% spike and the highest increase since the pandemic.
More than half of breached organizations are facing high levels of security staffing shortages. This issue represents a 26.2% increase from the prior year, a situation that corresponded to an average USD 1.76 million more in breach costs.
35% of breaches (1 in 3) involved shadow data, showing the proliferation of data is making it harder to track and safeguard.
292 Days to identify and contain breaches involving stolen credentials.
Costs from lost business and post-breach response rose nearly 11% over the previous year, which contributed to the significant rise in overall breach costs.