Data Breach Costs Reach Record High, Urgent Patching Crucial for Businesses
According to a new report by IBM, the cost of data breaches has hit an all-time high, with the global average now standing at $4.45 million. The survey, which covered more than 500 organizations worldwide, revealed a 15% increase in breach costs compared to just three years ago.
The largest portion of breach costs is attributed to detection and escalation, which has seen a significant increase of 42% in the examined timeframe. This suggests a shift towards more complex and time-consuming breach investigations.