Leading cyber crime damage cost mitigating factors worldwide 2020

Published by Ani Petrosyan, Aug 2, 2022
There are various factors that can mitigate or amplify the cost of a data breach. According to 2020 industry data, the formation of an incidence response team could reduce the average total cost of a data breach by almost 273,000 U.S. dollars. Same went for incident response testing, which was also a strongly mitigating factor when calculating data breach damages. In 2019, the average total cost of a data breach amounted to 3.86 million U.S. dollars.

Leading cyber crime damage cost mitigators and amplifiers worldwide as of 2020, by difference from average data breach cost (in U.S. dollars)

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Release date

August 2020

Region

Worldwide

Survey time period

August 2019 to April 2020

Number of respondents

524 organizations

Special properties

difference from average total cost of 3.86 million U.S. dollars

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