Post #4195023

The average cost of a data breach has risen to almost $5m, analysis of the consequences of cyber incidents which took place during the last year has revealed. The figure was published in the 2026 edition of the annual IBM Cost of a Data Breach Report, released on July 29, and based on source material from breaches experienced by 602 organizations around the world between March 2025 and February 2026. According to IBM, the global average breach cost climbed 12% during the last year, reaching a record $4.99 million (£3.75m). One key factors behind the financial cost of a data breach or cyber-attack is lost business costs, either as a result of business lost immediately because the incident meaning the organization couldn’t sell products or services, or losing customers in the long run because they have lost trust in the affected organization. Cybercriminals know that this is a significant risk for organizations and are factoring this into their playbooks, especially around ransomware and extortion attacks... (My write-up for Infosecurity Magazine is linked below!) https://www.infosecurity-magazine.com/news/cost-of-a-data-breach-5m-ibm/ #cybersecurity #IBM