IBM Releases Cost of a Data Breach Report: Reveals All-Time High Costs of Data Breaches
In its annual Cost of a Data Breach Report, IBM Security has unveiled concerning findings that the global average cost of a data breach has reached $4.45 million in 2023. This figure marks an all-time high for the report and reflects a significant 15% increase over the last three years. The report is based on a comprehensive analysis of real-world data breaches experienced by 553 organizations worldwide between March 2022 and March 2023. The research, conducted by Ponemon Institute and sponsored and analyzed by IBM Security, has been published for 18 consecutive years.