The Cost of a Data Breach Report from IBM offers IT, risk management and security leaders a lens into factors that can increase or help mitigate the rising cost of data breaches.
Now in its 17th year, this research — conducted independently by Ponemon Institute, and sponsored, analyzed and published by IBM Security® — studied 550 organizations impacted by data breaches that occurred between March 2021 and March 2022. The breaches occurred across 17 countries and regions and in 17 different industries.
They conducted more than 3,600 interviews with individuals from organizations that were impacted by the data breaches. During the interviews, they asked questions to determine the cost to organizations across different activities related directly to both the immediate and prolonged response to the data breaches.
As in previous years’ reports, this year’s data provides a view of how dozens of factors impact the costs that keep adding up after a data breach occurs. Additionally, the report examines root causes, short-term and long-term consequences of data breaches, and the mitigating factors and technologies that allowed companies to limit losses.
Check out the full report - https://www.ibm.com/downloads/cas/3R8N1DZJ
Wow. I had no idea the numbers were so high.