Data breaches are costing businesses more than ever
Data breach incidents hit unprecedented levels over the last year as businesses were forced to rapidly transition to a remote-first work environment, according to a new report.
The latest edition of IBM’s annual Cost of Data Breach report estimates that data breaches now cost companies an average of $4.24 million per incident, which is the highest figure in the report’s 17-year history,
The report suggests that the move to work-from-home environments had an adverse impact on data security, with incidents becoming more costly and harder to contain.
Source: Tech Radar