US Breach Costs Skyrocket: Healthcare Takes the Longest Hit!
Attackers focus on customer personal data, with 53% of breaches involving personally identifiable information (PII). This includes tax numbers and addresses ripe for identity theft. While on-premises breaches are resolved swiftly, breaches involving data spread across multiple environments dawdle, taking longer to identify and contain.
Hot Take:
In a shocking turn of events, it seems that the US is determined to outdo itself, not just in fast food portion sizes, but also in the cost of data breaches. With a price tag of $10.2 million, these breaches are proving more expensive than a Super Bowl ad slot. Meanwhile, healthcare brings the drama with breach costs plummeting like a stock market crash, yet still managing to take forever to fix. And let’s not forget the new star of the breach drama: AI applications, which seem to have a fondness for causing a hullabaloo without proper supervision. Who knew data breaches could be such a blockbuster?
Key Points:
– The average cost of data breaches in the US hit $10.2 million, a 9% increase.
– Healthcare saw the highest breach costs at $7.42 million, albeit lower than last year.
– Customer PII was most commonly compromised, with phishing being the top attack vector.
– Breaches involving AI applications are on the rise, with 13% of organizations affected.
– AI-related breaches often result from a lack of proper access controls.