2018 in Numbers: Data Breaches Cost $654 Billion, Expose 2.8 Billion Data Records in the U.S.
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Cybercriminals exposed 2.8 billion consumer data records in 2018, costing over $654 billion to U.S. organizations, according to ForgeRock.
Cyberattacks to U.S. financial services organizations cost the industry over $6.2 billion in Q1 2019 alone, up from just $8 million in Q1 2018.
Even though investments in information security products and services have been on the rise, with $114 billion invested in 2018, cybercriminals continue to attack organizations across a wide spectrum of industries to gain access to valuable consumer data.
According to the research, personally identifiable information (PII) was the most targeted data for breaches in 2018, comprising 97% of all breaches. By targeting PII, cybercriminals prove that they’re hungry for consumer data and the research also found the most frequent attack method was from unauthorized access, encompassing 34% of all attacks. Healthcare, financial services and government were the sectors most largely impacted by cyberattacks.
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