Cost Of A Data Breach 2024 Usa. The 2024 landscape of breach economics is marked by a stark milestone—the average cost of a data breach climbing to $4.88. In 2021, the average cost of a data breach for financial firms was $5.72 million.
Data breaches have affected companies and organizations of all shapes, sizes, and sectors, and they’re costing us businesses millions in damages. By 2022, it reached $5.97 million and remained stable at $5.9 million for 2023.