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.
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.
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).