Data Breach Costs Projected to Hit $2 Trillion in 2019

New research from Juniper suggests that the annual cost of data breaches will top $2 trillion in 2019, the brunt of it striking North America.

“While it is responsible for under 80% of global criminal data breaches, the high-value nature of US breaches means they account for over 90% of the global cost of data breaches,” stated UK-based Juniper Research. “We assume that the cost-per-record is going to increase in future, as more sensitive data is stored online as a matter of course.”

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Ayers, Erin. ‘Data breach costs projected to hit $2 trillion in 2019’. ©2015 Advisen Ltd. 29 May 2015.