Post #22

On Wednesday, IBM released the annual Cost of a Data Breach Report. The average cost of a data breach increased 13% over two years and reached $4,35 million. IBM surveyed 550 companies worldwide and found that 83% of organizations encountered more than one data breach during their existence and 50% of their costs incurred more than a year after the incident. Furthermore, the report showed that 60% of companies raised product prices due to the data breach, so the cost of cyberattacks were passed onto customers. Read the full report by the link. https://www.ibm.com/security/data-breach #CyberSecurity