Cost of data breaches hits an all-time high

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The Bangkok Post

Problem exacerbates already high inflation Asean has seen the average cost of a data breach hit all-time high of US$2.87 million in 2022, up 8% from a year before, according to the latest report by American IT giant IBM, with the problem believed to be heaping pressure on already high inflation. The cost is shown in IBM’s Cost of Data Breach Report 2022, based on in-depth analysis of 550 breached organisations worldwide between March 2021 and March 2022. The report shows costlier and higher-impact data breaches than ever, with the Asean average cost of a data breach reaching an all-time high o…

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