Leading cyber crime damage cost mitigating factors worldwide 2019

There are various factors that can mitigate or amplify the cost of a data breach. According to 2019 industry data, the formation of an incidence response team could reduce the average total cost of a data breach by 360,000 U.S. dollars. Same went for the extensive use of encryption, which was also a strongly mitigating factor when calculating data breach damages. In 2019, the average total cost of a data breach amounted to 3.92 million U.S. dollars.

Leading cyber crime damage cost mitigators and amplifiers worldwide in 2019, by difference from average data breach cost

Cost mitigatorsCost amplifiers
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Sources

Release date

July 2019

Region

Worldwide

Survey time period

July 2018 to April 2019

Number of respondents

507 organizations

Special properties

difference from average total cost of 3.92 million U.S. dollars

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Statistics on "Cyber insurance"

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