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Organizations that reported low or no security system complexity experienced an average data breach cost of usd 3.84 million in 2023 In contrast, detection and escalation costs were the costliest category of data breach expenses, increasing from $1.44 million in 2022 to $1.58 million in 2023. Those with high levels of security system complexity reported an average cost of usd 5.28 million, representing an increase of 31.6%.
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This represents a 2.3% increase from the 2022 cost of usd 4.35 million Data breach costs rose to $4.45 million per incident in 2023, ibm found in its annual cost of a data. Get the latest data and advice and download your free copy of the report.
The report also explores the factors and technologies that enabled companies to limit losses —as well as those that led to increased costs.
Discover the financial impact of data breaches $4.45 million is the average cost of a data breach, according to the 2023 ibm/ponemon cost of a data breach report See those costs broken down by industry, country, business size, type of expense and more, as well as root causes and useful approaches and tools for preventing and mitigating a breach. Ibm security also provided tips for how to prevent and mitigate data breaches
