For the second 12 months in a row, Brazil took the crown because the nation with the bottom value per breach, at $1.36 million (although up by 11.5%, from $1.22 million in 2023).
Damages differ by assault kind and expertise scarcity
The kind of assault influenced the monetary harm, the report famous. Damaging assaults, wherein the dangerous actors delete information and destroy techniques, value essentially the most: $5.68 million per breach ($5.23 million in 2023). Data exfiltration, wherein information is stolen, and ransomware, wherein information is encrypted and a ransom demanded, got here second and third, at $5.21 million and $4.91 million respectively.
Nonetheless, famous Fritz Jean-Louis, principal cybersecurity advisor at Information-Tech Analysis Group, generally attackers mix their ways. “Double extortion ransomware assaults are a key issue that’s influencing the price of data breaches,” he mentioned in an e mail. “Since 2023, we have now noticed that ransomware assaults now embrace double extortion assaults. In the sort of assault, information is exfiltrated previous to being encrypted. By doing this, cybercriminals are capable of maintain the group hostage for the stolen information and likewise anticipate cost for offering a decryption key. This typically ends in greater funds being requested by cyber criminals and inflicting greater restoration charges and longer enterprise disruptions.”
