2023 Cost of a Data Breach: Key Takeaways

2023 Cost of a Data Breach: Key Takeaways It’s that time of year – IBM has released its “ Cost of a Data Breach Report .” This year’s report is jam-packed with some new research and findings that highlight how organizations are implementing security and risk mitigation techniques to help identify and contain data breaches. Key Takeaways The average total cost of a data breach has reached an all-time high in 2023 of $4.45 million. This is an increase of 2.3% from last year’s $4.35 million. Even with data breach costs rising, surveyed companies were split 49% to 51% on whether to increase…