"Average Data Breach Cost Jumps to $4.88 Million, Collateral Damage Increased"
IBM released its annual "Cost of a Data Breach Report," which revealed that the global average cost of a data breach hit $4.88 million in 2024, as breaches become more disruptive and place additional demands on cyber teams. Breach costs increased 10 percent over the previous year, the largest annual increase since the pandemic, with 70 percent of breached organizations reporting significant or very significant disruption. This article continues to discuss key findings from IBM's report regarding data breach costs.
Submitted by grigby1
Submitted by Gregory Rigby
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