Average cost of a data breach reaches $4.45 million in 2023

IBM released its annual Cost of a Data Breach Report, showing the global average cost of a data breach reached $4.45 million in 2023 – an all-time high for the report and a 15% increase over the last 3 years. Detection and escalation costs jumped 42% over this same time frame, representing the highest portion of breach costs and indicating a shift towards more complex breach investigations. According to the report, businesses are divided in … More →

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