Cost of Data Breach

IBM Cost of Data Breach 2024: Breach Costs up 10%, With the Biggest Damage Done in Public Clouds

August 2, 2024

IBM's annual Cost of Data Breach report, created in conjunction with Ponemon Institute, shows no relief in sight for victims of breaches with a 10% jump in the global average cost on the year. The highest average cost per incident, $5.17 million, was incurred when the breached data was stored in public clouds.

Close up of hand using calculator showing data breach cost

Cyber Security News

2023 Data Breach Cost to Clorox and Johnson Controls Reaches Nearly $76 Million

February 13, 2024

Clorox reported a total of $49 million in incremental expenses related to the attack, with Johnson Controls reporting data breach costs of nearly $27 million. This money went to remediation costs such as third party contracting, as well as added operating costs due to disruptions.

System hacked warning on monitor showing cost of data breach

Cyber Security News

IBM Cost of Data Breach Report 2023: Costs Hit Record High, But Only About Half of Breached Companies Increase Their Security Investment

August 1, 2023

Average cost of data breach has once again hit a new record to $4.45 million, up 15.3% just from 2020. Yet only 51% of organizations that have suffered a breach plan to increase security spending.

Woman doing calculation of cost of data breach

Cyber Security News

IBM Annual Cost of Data Breach Report 2022: Record Costs Usually Passed On to Consumers, “Long Breach” Expenses Make Up Half of Total Damage

August 1, 2022

The global average cost of data breach is now $4.35 million, a climb of 13% since 2020. Much of that are expenses realized more than a year after the attack, and most organizations (60%) are passing these added costs on to consumers in the form of higher prices.

Piggy bank with cash and coins showing cost of data breach

Cyber Security News

Average Cost of Data Breach Hits Record High, Costs Multiply When Remote Work Is a Factor

August 3, 2021

The average cost of data breach has hit an all-time high, up almost 10% from last year to $4.24 million. That average cost increases greatly when remote workers are involved (to $4.96 million).

Cost of Data Breach

IBM Cost of Data Breach 2024: Breach Costs up 10%, With the Biggest Damage Done in Public Clouds

2023 Data Breach Cost to Clorox and Johnson Controls Reaches Nearly $76 Million

IBM Cost of Data Breach Report 2023: Costs Hit Record High, But Only About Half of Breached Companies Increase Their Security Investment

IBM Annual Cost of Data Breach Report 2022: Record Costs Usually Passed On to Consumers, “Long Breach” Expenses Make Up Half of Total Damage

Average Cost of Data Breach Hits Record High, Costs Multiply When Remote Work Is a Factor

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