According to the report, the top three industries to experience the most data breaches were tech, retail and business. There were 95 data breaches reported in retail between 2022 to 2024, while 56 were reported in the tech industry. Business services report 51 incidents of data breaches. Data breaches in the internet and web services sector and IT sector were also among the top ten.
The report found that private companies were most likely to experience data breach attacks. 85% (1,600) of the data breach incidents were on private companies, while only a few of them were on public, government or non-profit companies. 74% of the companies which were targeted were small or medium-sized with 51-200 employees. Smaller companies do not have the security system as advanced as large companies so they are more likely to get attacked.
The countries where the most data breach attacks happened were the US (489 incidents), India (114 incidents) and the UK (73 incidents). Spain and France were also among the top five countries with most data breach incidents, 43 and 39 respectively. The average cost reported of a data breach in 2024 was $5 million, according to a report by IBM.
If you need to keep your company safe from data breach attacks, spread awareness about it throughout your organization and take measures to ensure your company’s security. Monitor the dark web for any mentions of your company’s data and remain vigilant to potential threats.
