New IBM report reveals the cost of a data breach now tops $4.45 million

IBM Security has released its annual Cost of a Data Breach Report, revealing that the global average cost of a data breach reached $4.45 million in 2023. This marks a significant increase of 15% over the past 3 years, making it the highest recorded cost in the history of the report. Notably, detection and escalation costs have seen a substantial rise of 42% during the same period, indicating a shift towards more complex breach investigations.

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