ARMONK, N.Y.—The average cost of a data breach has declined by 1.5% year-over-year, costing companies $3.86 million per incident, according to IBM’s 2020 Cost of a Data Breach Report.
The analysis found that customer data was by far the most-commonly compromised type of record with 80% of breached organizations saying that customer personally identifiable information (PII) was affected.
While the average cost per lost or stolen record was $146 across all data breaches, those containing customer PII cost businesses $150 per compromised record, reported We Live Security in its analysis.