The global average cost of a data breach increased 2.6% from $4.24 million in 2021 to $4.35 million in 2022 — the highest it’s been in the history of IBM Security’s “The Cost of a Data Breach Report.”
Now in its 17th year, the report, conducted by Ponemon Institute, studied 550 organizations impacted by data breaches between March 2021 and March 2022. The breaches occurred across 17 countries and regions and in 17 different industries.