Reduction Of Data Breach Costs – The 2018 Ponemon Institute Study

The Ponemon Institute LLC is involved in independent research and education dealing with data protection and information and privacy management practices. The 2018 Cost of a Data Breach Study is based on research sponsored by IBM Security and presents a global overview of data breach costs based on interviews with over 2000 IT, data protection and compliance professionals. 17 industries were included in this year's study representing financial, services, industrial and manufacturing companies.

While much of this study is focused on Canadian statistics, the cost estimates for data breaches and the identification of factors that lead to an increase or decrease in costs for a data breach can be generally applied to companies in the United States and other countries.