$4.99/mo - Save 61% With Exclusive 2-Year Plan + 4 Months Free!Claim Now

Data Leaks Statistics: The Average Cost per Leaked Record will Surpass 173 USD by 2025!

  • Last updated December 10, 2024
  • written by
    Editor
  • fact checked by
    Editor

Imagine waking up one morning to find your personal information—credit card details, email passwords, or even sensitive medical records—circulating on the dark web. For millions of individuals and organizations, this isn’t just a possibility; it’s a harsh reality. Data leaks have become a pervasive threat in today’s interconnected world, affecting personal lives, businesses, and even governments.

Over the years, data leaks have seen an alarming rise. From accidental exposures to deliberate cyberattacks, the number of compromised records has reached unprecedented levels. Notably in 2023, 2,696,728 victims were specifically affected by data leaks worldwide, reported by Identity Theft Resource Center, 2023.

Based on current trends, VPNRanks has made the following alarming predictions:

The average cost per leaked record will surpass 173 USD by 2025, further stressing organizations to prioritize cybersecurity investments.

From robust password management to adopting advanced encryption methods, there’s a critical need for individuals and organizations to take proactive measures to protect their data in an increasingly vulnerable digital age.


Data Leaks Statistics 2024: Findings by VPNRanks

Disclaimer: These figures are estimates provided by VPNRanks, based on historical data and current trends analyzed through predictive models. They represent potential future scenarios and should not be considered exact predictions. The actual outcomes may vary depending on various factors, including new interventions and changes in online behavior.


What is a Data Leak?

A data leak occurs when sensitive, confidential, or protected information is unintentionally exposed or accessed without proper authorization. Unlike a data breach, which often involves malicious intent or hacking, a data leak typically results from internal mistakes, poor security practices, or system vulnerabilities.


How does a Data Leak Happen?

By understanding the mechanisms behind data leaks, organizations and individuals can take steps to mitigate the risks and protect sensitive information.

  • Implement Encryption: Secure all sensitive data in transit and at rest with strong encryption protocols.
  • Educate Employees: Provide regular training on security best practices and phishing awareness.
  • Secure Configurations: Regularly audit cloud storage and databases for misconfigurations.
  • Use Strong Access Controls: Enforce role-based access and regularly review permissions.
  • Monitor Systems: Deploy tools to detect unusual activity or unauthorized access in real-time.
  • Update Software: Regularly patch systems to close known vulnerabilities.

What is Data Leak Prevention?

Data Leak Prevention refers to strategies and tools used to prevent sensitive data from leaving an organization’s control. This involves detecting and blocking unauthorized transmission of confidential information, whether intentional or accidental.

DLP systems typically monitor data in motion (network traffic), data at rest (stored data), and data in use (data being accessed or modified).

DLP solutions employ various techniques to identify and protect sensitive data, including:

  • Content inspection: Examining data for keywords, patterns, and regular expressions that match predefined sensitive data types (e.g., credit card numbers, social security numbers).
  • Contextual analysis: Considering the context in which data is being used to determine if it represents a potential leak.
  • Rule-based policies: Defining rules that trigger alerts or block actions based on specific criteria (e.g., transferring large files to external email addresses).
  • Data encryption: Encrypting sensitive data to prevent unauthorized access even if it is leaked.
  • User activity monitoring: Tracking user actions to identify suspicious behavior that may indicate a data leak.

The goal of DLP is to protect sensitive data from various threats, including:

  • Malicious insiders: Employees or contractors who intentionally steal or leak data.
  • Negligent insiders: Employees who accidentally leak data due to carelessness or lack of awareness.
  • External attackers: Hackers who gain unauthorized access to systems and steal data.
  • Accidental data loss: Data loss due to hardware failure, software bugs, or human error.

By implementing DLP measures, organizations can reduce the risk of data breaches, protect their reputation, and comply with data privacy regulations.


Data Compromises in US: The Leading Presence of Data Leaks

The data compromises term broadly encompasses incidents where personal information is accessed by unauthorized individuals or used for unintended purposes. This includes events such as data breaches, data exposures, and data leaks.

  • Data Breach: Unauthorized access or theft of personal information from its storage location.
  • Data Exposure: Personal information is accessible due to misconfigured or missing cybersecurity measures, but there’s no evidence of unauthorized access.
  • Data Leak: Publicly available or willingly shared data that, when aggregated, poses a higher risk to individuals and can be exploited by identity criminals through social engineering and phishing.
Year Data Compromises Individuals Impacted (millions)
2015 785 318.28
2016 1099 2541.07
2017 1279 1825.41
2018 1275 2227.8
2019 883 164.68
2020 471 310.12
2021 1862 298.08
2022 1802 422.14
2023 3205 353.02

In 2023, there were 3,205 reported cases of data compromises, impacting a staggering 353.02 million individuals.

🚨Notably, 2,696,728 of these victims were specifically affected by data leaks, highlighting the significant role data leaks play in the overall landscape of data compromises.🚨

Source


Average Cost Per Leaked Record in Data Breaches Worldwide

The average cost per leaked record in data breaches globally has been on a steady rise over the past decade, reflecting the growing financial impact of cybercrimes. This increase highlights the importance of robust cybersecurity measures for organizations worldwide.

Analyzing Historical Trends

The data reveals a consistent upward trajectory in the cost per leaked record, influenced by factors such as stricter regulatory requirements, increased sophistication of cyberattacks, and higher customer acquisition costs after a breach. This trend emphasizes the escalating risks associated with data leaks.

Year Cost per Leaked Record (in USD)
2014 145
2015 154
2016 158
2017 141
2018 148
2019 150
2020 146
2021 161
2022 164
2023 165
2024 169 (projected)

Prediction for 2025

Based on the historical data, the average cost per leaked record is expected to rise further to approximately 173 USD in 2025.

Factors Contributing to the Predictions: A Closer Look

By combining these trends, it becomes evident that the financial implications of data leaks will continue to grow, necessitating proactive measures to safeguard data and minimize exposure risks.

  • 🔒 Complex Cyberattacks: Advanced ransomware and phishing require costly responses and recovery efforts.
  • ⚖️ Stricter Regulations: Laws like GDPR impose high fines, increasing compliance and legal costs.
  • 💔 Customer Trust Loss: Breaches lead to higher spending on marketing and retention.
  • 🤖 Tech Vulnerabilities: AI, IoT, and cloud adoption create new risks, raising protection costs.
  • 🔗 Supply Chain Risks: Third-party breaches drive up organizational costs.

Source


📚Case Study: DataSpii Scandal Exposing Millions of Users

In July 2019, a significant data leak known as DataSpii came to light, impacting millions of users of Google Chrome and Firefox browsers. The incident was uncovered by cybersecurity researcher Sam Jadali, who revealed that eight browser extensions were covertly collecting and leaking sensitive user information.

Extensions Involved

Popular extensions such as Hover Zoom, SpeakIt!, and FairShare Unlock were found to be harvesting personal and corporate data without user consent. These extensions, often downloaded under the guise of providing helpful functionalities, were accessing data far beyond their intended scope.

Data Exposed

The leak compromised a broad range of sensitive information, including:

  • Usernames and passwords.
  • Credit card details.
  • Medical records and tax returns.
  • Corporate proprietary data and private network topologies.
  • Travel itineraries and GPS locations.

Nacho Analytics’ Role

The collected data was sold to Nacho Analytics, a marketing intelligence company that marketed its service as god mode for the internet.” The platform made this data publicly accessible, allowing subscribers to view private and corporate information of unsuspecting users.

Organizations Affected

High-profile companies such as Apple, Microsoft, Facebook, and the Pentagon were indirectly impacted, as sensitive corporate data and operational materials were leaked. The exposed information posed severe security risks, including the potential for corporate espionage and identity theft.

Impact and Lessons Learned

  1. Browser Extension Risks: This incident underscored the dangers of third-party browser extensions, which can exploit permissions to gather excessive data.
  2. Data Aggregation Vulnerabilities: Aggregated information from multiple users created a significant threat to privacy, demonstrating how data leaks can amplify risks.
  3. Need for Vigilance: Both individuals and organizations must carefully vet browser extensions and implement robust cybersecurity policies to safeguard sensitive information.

The DataSpii case serves as a wake-up call about the hidden risks of seemingly harmless applications. It highlights the importance of transparency and accountability in data handling and the critical need for vigilance in managing digital tools.


Expert Opinions: Gathered by VPNRanks

expert-opinions-by-vpnranks

Chantal Rothon

Chantal Rothon belives that when a data leak happens, quick teamwork is key to keeping things under control and reducing risks. Smart planning helps minimize damage and keeps the trust of the customers, partners, and stakeholders.

Key steps include:

  1. 📍Containing the breach and limiting data exposure
  2. 📍Assessing the breach’s scope and cause
  3. 📍Notifying affected parties and authorities as required
  4. 📍Investigating the breach’s root cause and implementing preventive measures
  5. 📍Enhancing security controls to prevent future breaches

Ekaterina Leonova

Ekaterina Leonova advices on preventing data leaks and monitoring departing employees.

  • 🚨 Risk Awareness: Departing employees can pose significant risks by potentially exploiting access to sensitive data.
  • 👀 Proactive Monitoring: Implement real-time monitoring systems, like SCOPD, to track and detect suspicious activities, especially during the offboarding process.
  • ⚡ Rapid Response: Use tools that can immediately alert management to unauthorized actions (e.g., copying data to external devices) to prevent leaks.
  • 🔒 Preventive Measures: Ensure a system is in place to secure intellectual property, protect confidential information, and mitigate security breaches tied to employee exits.
  • 💡 Solution Highlight: Adopt robust monitoring solutions like SCOPD to safeguard your organization’s equipment and sensitive data.

Greg Hanna

Greg Hanna highlighed the main causes of Data Leaks.

  1. Human error: Accidental mishandling or sharing of sensitive data.
  2. Lost/stolen devices: Devices without proper protection being misplaced.
  3. Third-party vendors: Weak vendor security exposing data.
  4. Weak access controls: Inadequate access policies allowing unauthorized entry.
  5. Misconfigured systems: Public exposure of unencrypted data due to poor setup.
  6. Social engineering: Manipulating individuals into revealing information.
  7. Intentional leaks: Malicious insiders leaking data.
  8. Inadequate security policies: Poorly enforced security frameworks.
  9. Unencrypted data: Vulnerability due to lack of encryption.
  10. Poor education: Lack of employee training on secure data handling.

Greg Hanna further emphasizes the importance of proactive measures to safeguard sensitive data and prevent breaches. Here are his key recommendations:

  • Use firewalls, antivirus, and multi-factor authentication.
  • Enforce strong password policies with regular updates.
  • Train employees on data security awareness.
  • Perform regular vulnerability testing.

Vijay Gupta

Vijay Gupta provides a comprehensive guide for cybersecurity professionals, ethical hackers and concerned individuals on verifying leaked data to assess the impact of data breaches, ensure authenticity, and mitigate potential damage.

Here are the steps:

  1. Assess the Source: Check the credibility of the leak’s origin and platform.
  2. Inspect File Formats: Verify if the data’s structure matches its claimed type (e.g., .csv for databases).
  3. Analyze Data Quality: Cross-check details against public records or trusted databases.
  4. Use OSINT Techniques: Leverage tools like Google Dorks and metadata extractors to validate data.
  5. Check Data Integrity: Compare hash values (e.g., MD5, SHA-256) to detect tampering.
  6. Identify Duplicates: Use deduplication tools to confirm the data isn’t recycled from old breaches.
  7. Test Sample Data: Carefully verify credentials or hashes, ensuring ethical and legal compliance.
  8. Contact Affected Organizations: Report verified leaks to impacted entities.
  9. Consult Experts: Engage cybersecurity specialists for complex data verification.

This streamlined approach ensures accurate validation of leaked data while maintaining legal and ethical boundaries.


2024 Data Leak Highlights: New Trends and Major Cases

Here are the latest developments and major incidents in data leaks for 2024.

Russia’s New Law on Data Leaks

On 30 November 2024, a new law (No. 420-FZ) was signed, increasing administrative liability for personal data leaks according to databreaches.net. It will take effect on 30 May 2025. Additionally, an amendment to the Russian Criminal Code will become enforceable on 11 December 2024, introducing criminal liability for the illegal use, transfer, collection, or storage of personal data on computers.

Key Parameters of the Law:

Scope of Liability:

  • Applies not only to illegal public disclosures of personal data but also to unauthorized transfers to a limited group of people.
  • Targets actions (or inaction) by data controllers leading to unauthorized transfers but excludes accidental leaks unless intent is hard to establish (e.g., sending data to the wrong email address).

Fines and Penalties:

  • Differentiated by the volume of leaked data, the sensitivity of the data, and prior violations.
  • Specific penalties outlined for companies, depending on circumstances.

Exemptions:

  • General administrative liability does not apply to private company directors or officials, except in certain cases explicitly defined.

This legal framework emphasizes stricter oversight of data controllers and introduces clear accountability measures to curb the risks of data misuse.


Explore More In-Depth Guides by VPNRanks


FAQs

Weak and stolen credentials are a primary cause of data leaks. While hacking is often identified as a leading factor, it frequently stems from compromised or weak passwords and personal information, which hackers exploit opportunistically.

In 2022, the United States experienced 1,802 data breaches, resulting in the exposure of 422.14 million records.

What is the most famous data leak?


Conclusion

The rise in data leaks reflects a critical need for stronger cybersecurity measures and awareness across individuals and organizations. As the digital landscape expands, safeguarding personal and sensitive data must remain a top priority to mitigate future risks.

Proactive steps, such as robust encryption, secure configurations, and user education, are essential to combat the growing threat. Addressing these challenges will not only protect data but also build trust in an increasingly connected world.

Leave a Reply

Your email address will not be published. Required fields are marked *