Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Microsoft : Average Cost of Data Breach in Healthcare Industry Hit $7.13 Million in 2020, 84% More Than Global Average

share with twitter share with LinkedIn share with facebook
09/23/2020 | 10:30am EDT

Recent years have witnessed a surge in the number of data breaches, causing a massive financial hit to businesses worldwide. With millions of people working from home and using videoconferencing and cloud applications, the COVID-19 pandemic has only increased the number of these malicious attacks. According to data presented by AksjeBloggen.com, the healthcare industry tops the list of the most expensive data breaches with a $7.13 million average data breach cost, 84% more than the global average.

Global Average Data Breach Cost Hit $3.86 Million in 2020, 1.5% Drop Year-on-Year

The global average cost of a data breach has fluctuated between $3.5 million and $4 million in recent years. In 2020, it hit $3.86 million, a 1.5% drop year-on-year, revealed the Ponemon Institute's Cost of a Data Breach Report 2020 commissioned by IBM. The report also showed it usually took 280 days for an organization to spot and contain a breach, a day more than a year ago. However, statistics indicate these figures vary significantly based on industry.

Besides leading in the average cost of a data breach, the healthcare industry also had the highest average time to identify a violation of 329 days. The energy industry ranked second of the 17 sectors surveyed, with $6.39 million in average cost and 254 days to spot a breach.

Financial services, pharma industry, and technology sector follow, with $5.85 million, $5.06 million, and $5.04 million in average data breach cost, respectively.

Analyzed by geography, the United States convincingly leads among all surveyed countries with an average data breach cost of $8.64 million, a 5.5% increase in a year. Statistics also show this figure surged by 60% in the last seven years, growing from $5.4 million in 2013. Financial services represent the costliest industry in the United States in 2020, while companies and organizations need 237 days to identify a breach, compared to 245 days in 2019.

Germany leads among European countries with an average data breach cost of $4.45 million in 2020, a 7% drop year-on-year, while companies usually need 160 days to identify a data breach.

Malicious attacks caused 52% of all breaches. Human error and system glitches follow with 23% and 25% share, respectively. Statistics also show that around 20% of companies that had been victims of a malicious breach were hacked by using stolen or compromised credentials.

Five Largest Data Breaches in 2020 Exposed 406.6 Million Records

The survey also revealed the number of exposed data significantly raised the total cost of a data breach. Breaches of 1 million to 10 million records cost an average of $50 million, or 25 times the average cost of a data breach in 2020. In breaches that exposed more than 50 million records, the average cost grew to a staggering $392 million.

The five largest data breaches in 2020 exposed a total of 406.6 million records, according to DataBreaches.net statistics. In January, 250 million Microsoft (NASDAQ: MSFT) customer records have been exposed online without password protection, the biggest data breach since the beginning of the year. The exposed data included customer service and support logs detailing conversations between Microsoft agents and customers from 2005 to December 2019.

In May, 115 million Pakistani mobile user records have leaked online, the second-largest data breach this year. The same month, a massive data breach of the unknown source has exposed the records of 22 million people, including their phone numbers, addresses, and social media links.

The fourth-biggest data breach in 2020 exposed the personal data of more than 10.5 million users who stayed at MGM Resorts (NYSE: MGM). Leaked files included contact details of CEOs and employees at some of the world's largest tech companies.

In May, British low-cost airline group EasyJet (LON: EZJ) admitted it had been a target of a highly sophisticated cyber-attack, which has exposed the personal data, including credit and debit card details, of more than nine million their customers.

The full story can be read here: https://aksjebloggen.com/average-cost-of-data-breach-in-healthcare-industry-hit-7-13-million-in-2020-84-more-than-global-average/

Contact: Adam Grunwerg

Psychic Ventures Ltd

St Magnus House

3 Lower Thames Street

London

EC3R 6HD

adam@psyventures.com

www.aksjebloggen.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE


Stocks mentioned in the article
ChangeLast1st jan.
MGM RESORTS INTERNATIONAL 3.27% 23.36 Delayed Quote.-29.79%
MICROSOFT CORPORATION 0.62% 216.23 Delayed Quote.37.11%
share with twitter share with LinkedIn share with facebook
All news about MICROSOFT CORPORATION
09:00aWall St Week Ahead-More U.S. companies offer earnings guidance despite pandem..
RE
10/23WALL STREET WEEK AHEAD : More U.S. companies offer earnings guidance despite pan..
RE
10/23NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/23NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/23NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/23HONEYWELL INTERNATIONAL : Teams Up With Microsoft To Reshape The Industrial Work..
AQ
10/23MICROSOFT : National Guard called in to thwart cyberattack in Louisiana weeks be..
RE
10/23NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/23MICROSOFT : establishes new digital alliance with the state of Texas to expand e..
AQ
10/23HONEYWELL INTERNATIONAL : Teams Up With Microsoft To Reshape The Industrial Work..
AQ
More news
Financials (USD)
Sales 2021 157 B - -
Net income 2021 49 091 M - -
Net cash 2021 82 379 M - -
P/E ratio 2021 33,6x
Yield 2021 1,01%
Capitalization 1 635 B 1 635 B -
EV / Sales 2021 9,90x
EV / Sales 2022 8,84x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Average target price 236,17 $
Last Close Price 216,23 $
Spread / Highest target 28,6%
Spread / Average Target 9,22%
Spread / Lowest Target -16,8%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MICROSOFT CORPORATION37.11%1 635 310
ZOOM VIDEO COMMUNICATIONS, INC.651.79%145 487
SEA LIMITED305.17%79 482
ATLASSIAN CORPORATION PLC73.25%51 956
DASSAULT SYSTÈMES SE1.09%45 717
SPLUNK INC.44.56%34 727