The global average cost to mitigate cybersecurity issues resulting from a data breach increased to an all-time high of $4.35 million and could be contributing to current inflation trends, according to the latest annual report from IBM.
The “2022 Cost of a Data Breach Report” found 60 percent of studied organizations raised their product or services prices because of a breach. The report analyzed 550 organizations that suffered a data breach between March 2021 and March 2022, with research conducted by the Ponemon Institute.
