In 2022, the average cost of a data breach has reached a record high of US$4.35 million, according to the 2022 cost of a data breach report by IBM and the Ponemon institute.
Significantly, for the first time, the research shows the following insights:
- 83% of organizations studied have had more than one data breach.
- 60% of organizations’ breaches led to increases in prices passed on to customers.
- 79% of critical infrastructure organizations didn’t deploy a zero trust architecture.
- 19% of breaches occurred because of a compromise at a business partner.
- 45% of the breaches were cloud-based.
The Cost of a Data Breach Report offers IT, risk management and security leaders a lens into factors that can increase or help mitigate the rising cost of data breaches.