- 86% of breaches were financially motivated and 10% were motivated by espionage. (Verizon)
- The average time to identify a breach in 2020 was 207 days. (IBM)
- 56% of Americans don’t know what steps to take in the event of a data breach. (Varonis)
- Personal data was involved in 58% of breaches in 2020. (Verizon)
- The average lifecycle of a breach was 280 days from identification to containment. (IBM)
- 51% of organizations with cyber insurance used claims to cover the cost of third-party consulting and legal services. The cost of restitution to victims was covered by cyber insurance for 36% of organizations. Only 10% of organizations with cyber insurance used claims to cover the cost of ransomware or extortion