Average cost of industrial data breaches soars

Quick Summary:

Data from a Stocklytics survey of 604 organizations across 17 industries and in 16 countries between March 2023 and February 2024 shows the industrial sector has seen the biggest data breach cost growth in the past year.

In 2024, the average cost of a data breach skyrocketed to $4.88 million, up from $4.45 million in 2023, showing a 10 percent spike and the highest increase since the pandemic.

Some industries though have seen even bigger increases.

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Article Details

Author / Journalist: Ian Barker

Category: Technology

Markets: United StatesGermanyItaly

Topics: Article Industrial Data breaches Cybersecurity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 12:54:53 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 22331684

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News Last Updated: 13 hours ago

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