The U.S. sees a loss of over $1.5 trillion through a decade of data breaches

A collection of data breaches spanning over a decade shows that the U.S. succumbed to financial damage of more than $1.6 trillion as a result.

The different data were collected from public sources reveal that since 2008, the US-based internet users suffered more than 9,700 data breaches that involved more than 10.7 billion records. The average cost of these breaches was approximately $148 per record.

The details were accumulated by researchers at Comparitech, who even broke down the records by the state that were most affected by the incidents.

According to their reports, California is the state with the most publicly documented breaches and the one where consumer privacy is considered a priority. The report states that 1,493 incidents were reported in the state that affected 5.59 billion personal records.

Here, it is also worth mentioning that the state law of California requires a sample copy of the incident to be submitted to the Attorney General when more than 500 residents are affected.

In the second place came New York where 729 data breaches were publicly documented that exposed around 293 million users.

Following close behind is Texas with 661 events and 288 million records.

As you can see, there is no balance between the records exposed and the number of breaches. For example, the state of Oregon suffered from at least 157 data breaches that exposed 1.37 billion records.

However, the figures presented in Comparitech’s report are just a minimum and the real numbers are higher as many firms conceal the real numbers of breaches for the sake of their reputation.

Some companies also report a roughly estimated number. For example, the phishing attack in January at the Department of Human Services in Oregon affected data of 645,000 users. The attack was reported in March but the numbers were roughly calculated at that time.

For a complete list of publicly reported data breaches categorized by each state, check out the online document compiled by Comparitech here.

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