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Abstract
HEALTH CARE INDUSTRY IBM Security, July 2019 "The average cost of lost business for organizations in the 2019 study was $1.42 million, which represents 36% of the total average cost of $3.92 million. Breaches with a lifecycle less than 200 days were on average $1.22 million less costly than breaches with a lifecycle of more than 200 days ($3.34 million vs. $4.56 million respectively), a difference of 37%. Since 2014, the share of breaches caused by malicious attacks surged by 21%, growing from 42% of breaches in 2014 to 51% of breaches in 2019. Extensive use of encryption, data loss prevention, threat intelligence sharing, and integrating security into the software development process were all associated with lower-than-average data breach costs.