![]() ![]() The average cost of a ransomware attack - not including the cost of the ransom - went down slightly in 2022, from $4.62 million to $4.54 million, while destructive attacks increased in cost from $4.69 million to $5.12 million, compared to the global average of $4.35 million. Last year was the first year that the report looked at the cost of ransomware and destructive attacks. ![]() Ransomware and destructive attacks were more expensive than the average breach in 2022, while the share of breaches involving ransomware grew by 41%. However, the cost savings were even greater for those with a mature zero trust deployment - about $1.5 million lower compared to organizations at the initial stages of a zero trust program. The other 59% percent of organizations studied in the 2022 report who do not deploy zero trust incurred an average of $1 million in greater breach costs compared to those that do deploy zero trust. The share of organizations deploying a zero trust architecture grew from 35% in 2021 to 41% in 2022. This was the second year that the report looked at the impact of a zero trust security framework on the average cost of a data breach. More organizations deploy zero trust in 2022 than they did in 2021, with cost savings of about $1 million. Healthcare has been the highest cost industry for 12 years in a row. Healthcare industry breach costs surged 42%, growing from $7.13 million in 2020 to $10.10 million in 2022. have seen increases between 6% and 7% since 2020, according to PwC, data breach costs in the industry have far outpaced overall healthcare inflation in the same time period. Healthcare breach costs surged to $10.1 million, the highest average cost of any industry for 12th year in a row. These capabilities enable a more dynamic response, providing security teams with intelligence to adapt and guidance to resolve incidents with agility and speed. IBM provides SOAR solutions to help businesses accelerate incident response with automation, process standardization and integration with businesses’ existing security tools. With those technologies fully deployed, the average lifecycle of a data breach was 74 days shorter than the average for no security AI and automation. Security AI and automation not only reduced costs, but they also significantly lowered the time to identify and contain a data breach (i.e., the breach lifecycle). The ROI from security AI and automation is apparent from another metric, that of time. Data breaches at organizations with no security AI and automation deployed cost an average $6.2 million, compared to an average $3.15 million at organizations where security AI and automation was fully deployed. Those organizations that reported their security AI and automation technologies are “fully deployed” - 31% of organizations - experienced breach costs that were $3.05 million less than at organizations with no security AI and automation. The percentage of organizations with security AI and automation deployed grew from 59% in 2020 to 70% in 2022, an 18.6% growth rate. The use of security AI and automation has jumped by nearly one-fifth since 2020, and cost savings from security AI and automation were the highest of any factor studied. It offers IT, security and business leaders a lens into risk factors that can increase the costs associated with a data breach, and which security practices and technologies can help mitigate security risk and financial damages. Now in its 17th year, with research independently conducted by Ponemon Institute, and featuring analysis by IBM Security, the Cost of a Data Breach Report is among the leading benchmark reports in the security industry. These are among the dozens of findings from the study of 550 organizations across a variety of industries and geographies that experienced a data breach between March 2021 and March 2022. And at a time when inflation is growing, breached businesses have passed higher costs to customers, with 60% of organizations in the study reporting that they increased the price of goods and services in response to losses from the breach. New research in this year’s report also reveals for the first time that 83% of organizations in the study have experienced more than one data breach and just 17% said this was their first data breach. The average cost of a data breach reached an all-time high of $4.35 million this year, according to newly published 2022 Cost of a Data Breach Report, an increase of 2.6% from a year ago and 12.7% since 2020. Series: 2022 Cost of a Data Breach Report ![]()
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