Data breaches are costlier and more impactful than ever before, a wide-ranging study by IBM has found.
Surveying 550 organizations from all over the world, the company claims that the global average cost of a data breach has now hit $4.35 million – an all-time high, and up 13% compared to the same period two years ago.
However, it’s not just the affected businesses that feel the sting of a data breach – everyone else does, too, albeit passively. IBM says that there is a chance that the rising costs of goods and services could be tied back to these incidents, as well.
