Global Security Forum

2020 Cost of a Data Breach Report: Key Findings and Resources

By John Zorabedian posted Wed July 29, 2020 12:30 PM

  

The annual Cost of a Data Breach Report offers a window into what real organizations that have experienced a cyber breach are doing well, and not so well, in preventing and responding to these attacks. In partnership with the Ponemon Institute, IBM Security publishes this report to offer insights about the causes and impacts of data breaches, and help organizations understand that security measures can mitigate the financial impacts.

Check out the interactive report, which includes a cost calculator so you can explore the impacts of 25 unique cost factors in 17 countries and 13 industries. There you can download the complete report PDF, see a global map with key metrics from each country in the study, and recommendations for security best practices, including industry specific recommendations form IBM Security experts. There's also an interactive version of the 49 data charts from the report, to find your own insights from the wealth of data in this research.

There are so many important findings from this research, so I encourage you to read my blog post on SecurityIntelligence to see some of the highlights and what's new in the 2020 edition of this report.


And be sure to register for the Aug. 12 webinar featuring Wendi Whitmore, Global Partner, IBM Security Services, and Charles DeBeck, Threat Intelligence Expert, IBM X-Force IRIS, who will discuss the report’s top takeaways, offer expert insights and practical recommendations. Some of the topics they'll cover include:

  • How security measures like security automation and incident response can help mitigate costs
  • Factors that amplify the cost of a breach including customer data, threat vectors and threat actors
  • Impacts of remote working during the COVID-19 crisis
  • How organizations view the CISO role and how it can impact costs
Enjoy the report, and feel free to comment here or contact me with questions at jzorabedian@ibm.com.

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