{"id":4263,"date":"2020-06-25T14:40:40","date_gmt":"2020-06-25T18:40:40","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=4263"},"modified":"2020-06-25T14:40:40","modified_gmt":"2020-06-25T18:40:40","slug":"audit-analytics-study-reveals-average-data-breach-costs-116-million","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/audit-analytics-study-reveals-average-data-breach-costs-116-million\/","title":{"rendered":"Audit Analytics Study Reveals Average Data Breach Costs $116 Million"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1584\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod.jpg\" alt=\"Audit Analytics Study Reveals Average Data Breach Costs $116 Million\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod.jpg 800w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-300x150.jpg 300w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-768x384.jpg 768w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-540x270.jpg 540w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-162x81.jpg 162w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Audit Analytics <\/span><a href=\"https:\/\/auditanalytics-trends-in-cybersecurity-breach-disclosures.pagedemo.co\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">recently released<\/span><\/a><span style=\"font-weight: 400\"> the \u201cTrend in Cybersecurity Breach Disclosures\u201d report. This report reviews over six hundred cybersecurity breaches at public companies dating back to 2011. Within this data, Audit Analytics discovered the average cyber breach costs $116 million. This represents a significant jump in costs than in other reports.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"box box3\">Our <a href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer&#8217;s Guide for Endpoint Security<\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace. Get the latest on endpoint security here.<\/div><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Audit Analytics operates as a corporate data-gathering company serving corporate decision-makers. It specializes in providing informative content for accounting, financial, and academic professionals. Moreover, it collects auditing, regulatory, and disclosure intelligence.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In addition, the report found cybercriminals usually target customer names, addresses, and email addresses; hackers could use this information to conduct credential-based attacks or to conduct spearphishing attacks. Malware was the most commonly reported method for maliciously obtaining data (followed by phishing, unauthorized access, and misconfiguration). However, the majority of attacks remain undisclosed, as 43 percent of businesses keep the type of attack to themselves.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Audit Analytics found that penalties for allowing the attacks, remediation costs, and lower stock market values comprise the most significant costs of a breach. The primary factors for determining the total cost of a breach include the stolen information and the length of time to disclose and remediate the breach. The average time to discover a breach totals about 108 days for businesses, with another average of 49 more days to actually report the breach. Yet, the longer the time to report the breach to the authorities, the higher the ultimate costs.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Worse, while the majority of enterprises suffered only one cyber breach, around 27 percent of businesses experienced more than one. The services industry suffered the most costly attacks, although researchers note the Equifax breach skews the average significantly.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Learn more about <\/span><a href=\"https:\/\/www.auditanalytics.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Audit Analytics<\/span><\/a><span style=\"font-weight: 400\"> here.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Audit Analytics recently released the \u201cTrend in Cybersecurity Breach Disclosures\u201d report. This report reviews over six hundred cybersecurity breaches at public companies dating back to 2011. Within this data, Audit Analytics discovered the average cyber breach costs $116 million. This represents a significant jump in costs than in other reports.\u00a0\u00a0 Audit Analytics operates as a [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":1584,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1,335],"tags":[1228,1229,75,22,13,40,30,161,92,84],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Audit Analytics Study Reveals Average Data Breach Costs $116 Million<\/title>\n<meta name=\"description\" content=\"Audit Analytics recently released the \u201cTrend in Cybersecurity Breach Disclosures\u201d report. The cost of the average breach is well over $100 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/audit-analytics-study-reveals-average-data-breach-costs-116-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Audit Analytics Study Reveals Average Data Breach Costs $116 Million\" \/>\n<meta property=\"og:description\" content=\"Audit Analytics recently released the \u201cTrend in Cybersecurity Breach Disclosures\u201d report. 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