Average data breach cost jumps to $4.88 million, collateral damage increased

IBM 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. Lost business and post-breach customer and third-party response costs … More →

The post Average data breach cost jumps to $4.88 million, collateral damage increased appeared first on Help Net Security.