The cost of a data breach keeps increasing year after year, and has now hit an all-time high, a new report by IBM has claimed.
After surveying more than 500 organizations across the world, IBM found that the global average cost of a data breach now sits at $4.45 million, representing a 15% increase compared to just three years ago.
The highest portion of breach costs goes on detection and escalation costs, which increased by almost half (42%) in the time trame. This, IBM claims, suggests a shift towards more complex breach investigations.
