Cost of data breach at all-time high

28/07/2021 | IBM

IBM has released the findings from its annual global study, which identified the cost of data breaches (to large) companies is on average $4.24 million per incident. This is the highest cost in the 17-year history of the report. According to the 500 companies surveyed, security incidents were more costly and harder to contain because of the extreme operational shifts that occurred during the pandemic - costs rose 10% compared to the prior year. In the UK, costs rose from £2.79m ($3.90m) in 2020 to £3.35m ($4.67m) in 2021.

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