IBM's 2018 Data Breach Study Shows Why We're In A Zero Trust World Now

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</div> </div> <ul> <li>Digital businesses that lost less than 1% of their customers due to a data breach incurred a cost of $2.8M, and if 4% or more were lost the cost soared to $6M.</li> <li><span class=”tweet_quote”> <a href=”https://twitter.com/intent/tweet?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Flouiscolumbus%2F2018%2F07%2F27%2Fibms-2018-data-breach-study-shows-why-were-in-a-zero-trust-world-now%2F&amp;text=U.S.%20based%20breaches%20are%20the%20most%20expensive%20globally%2C%20costing%20an%20avg%20%247.91M%20w%2Fnotifications%20costing%20%24740K.%20%23zerotrust” target=”_blank” data-ga-track=”ExternalLink:https://twitter.com/intent/tweet?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Flouiscolumbus%2F2018%2F07%2F27%2Fibms-2018-data-breach-study-shows-why-were-in-a-zero-trust-world-now%2F&amp;text=U.S.%20based%20breaches%20are%20the%20most%20expensive%20globally%2C%20costing%20an%20avg%20%247.91M%20w%2Fnotifications%20costing%20%24740K.%20%23zerotrust” rel=”nofollow”>U.S. based breaches are the most expensive globally, costing on average $7.91M with the highest global notification cost as well, $740,000.<span data-ga-track=”ExternalLink:https://twitter.com/intent/tweet?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Flouiscolumbus%2F2018%2F07%2F27%2Fibms-2018-data-breach-study-shows-why-were-in-a-zero-trust-world-now%2F&amp;text=U.S.%20based%20breaches%20are%20the%20most%20expensive%20globally%2C%20costing%20an%20avg%20%247.91M%20w%2Fnotifications%20costing%20%24740K.%20%23zerotrust”></span></a></span></li> <li><span class=”tweet_quote”> <a href=”https://twitter.com/intent/tweet?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Flouiscolumbus%2F2018%2F07%2F27%2Fibms-2018-data-breach-study-shows-why-were-in-a-zero-trust-world-now%2F&amp;text=A%20typical%20data%20breach%20costs%20a%20company%20%243.86M%2C%20up%206.4%25%20from%20%243.62M%20last%20year.%20%23zerotrust%20%23cybersecurity” target=”_blank” data-ga-track=”ExternalLink:https://twitter.com/intent/tweet?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Flouiscolumbus%2F2018%2F07%2F27%2Fibms-2018-data-breach-study-shows-why-were-in-a-zero-trust-world-now%2F&amp;text=A%20typical%20data%20breach%20costs%20a%20company%20%243.86M%2C%20up%206.4%25%20from%20%243.62M%20last%20year.%20%23zerotrust%20%23cybersecurity” rel=”nofollow”>A typical data breach costs a company $3.86M, up 6.4% from $3.62M last year.<span data-ga-track=”ExternalLink:https://twitter.com/intent/tweet?url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Flouiscolumbus%2F2018%2F07%2F27%2Fibms-2018-data-breach-study-shows-why-were-in-a-zero-trust-world-now%2F&amp;text=A%20typical%20data%20breach%20costs%20a%20company%20%243.86M%2C%20up%206.4%25%20from%20%243.62M%20last%20year.%20%23zerotrust%20%23cybersecurity”></span></a></span></li> <li>Digital businesses that have security automation can minimize the costs of breaches by $1.55M versus those businesses who are not ($2.88M versus $4.43M).</li> <li>48% of all breaches are initiated by malicious or criminal attacks.</li> <li>Mean-time-to-identify (MTTI) a breach is 197 days, and the mean-time-to-contain (MTTC) is 69 days.</li> </ul> <p>These and many other insights into the escalating costs of security breaches are from the <span><a href=”https://www.ibm.com/security/data-breach” target=”_blank” rel=”nofollow” data-ga-track=”ExternalLink:https://www.ibm.com/security/data-breach”>2018 Cost of a Data Breach Study</a></span> sponsored by IBM Security with research independently conducted by Ponemon Institute LLC. <span><a href=”https://www.pbwt.com/content/uploads/2018/07/2018-Cost-of-Data-Breach-Study.pdf” target=”_blank” rel=”nofollow” data-ga-track=”ExternalLink:https://www.pbwt.com/content/uploads/2018/07/2018-Cost-of-Data-Breach-Study.pdf”>The report is downloadable here</a></span> (PDF, 47 pp. no opt-in).</p> <p>The study is based on interviews with more than 2,200 compliance, data protection and IT professionals from 477 companies located in 15 countries and regions globally who have experienced a data breach in the last 12 months. This is the first year the use of Internet of Things (IoT) technologies and security automation are included in the study. The study also defines mega breaches as those involving over 1 million records and costing $40M or more. Please see pages 5, 6 and 7 of the study for specifics on the methodology.</p> <p>The

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