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The U.S. Loses Over $1.5 Trillion in a Decade of Data Breaches

The U.S. Loses Over $1.5 Trillion in a Decade of Data Breaches (Trends, Reports, Analysis)

A decade's collection of data breaches shows a bleak picture with billions of records exposed in this type of incidents and financial damages of more than $1.6 trillion. Data collected from public sources reveal that since 2008 there were close to 9,700 breach events in the U.S., involving more than 10.7 billion records, with an average cost calculated in 2018 at $148 per record. The figures are likely conservative as data breach disclosure laws differ from one state to another; in some cases, even notifying the individuals whose data was exposed is not a requirement. Data Comparitech collected for Oregon shows that the state suffered at least 157 data security incidents that exposed 1.37 billion records. The researchers agree that the real numbers are higher as some breach reports do not disclose the number of records exposed; furthermore, the information "might be unknown or below the threshold imposed by the state," or new details may emerge at a later date. Comparitech makes available in an online document a complete list with publicly reported data breaches they found for each state.

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