The financial ramifications associated with data breaches have never been more severe amid sharp rises in the volume and velocity of data-targeting cyberattacks. IBM’s 2022 Cost of a Data Breach Report, conducted in conjunction with the Ponemon Institute, studied more than 500 global organizations across 17 industries impacted by data breaches over the past year. Its findings portray the heightened risk that data breaches can pose to a company’s financial stability. According to the report: