IBM Report: Escalating worldwide business Data Breach Disruptions Push Costs to New Highs

Bad news!

"IBM ... today released its annual Cost of a Data Breach Report revealing the global average cost of a data breach reached $4.88 million in 2024, as breaches grow more disruptive and further expand demands on cyber teams. Breach costs increased 10% from the prior year, the largest yearly jump since the pandemic, as 70% of breached organizations reported that the breach caused significant or very significant disruption. ..."

IBM Report: Escalating Data Breach Disruption Pushes Costs to New Highs Intellectual property theft spiked; More than one-third of breaches involved shadow data