Protect the Data to Avoid the Cost of Lost Business

Data breaches are growing in volume and cost. Estimates from non-profit the Identity Theft Resource Center (ITRC) reveal that 2023 was a record year for compromise in the US. Over 3,200 incidents impacted more than 353 million customers. The latest in a long line of annual reports from IBM has more revelations to keep CISOs and data protection officers (DPOs) awake at night. The cost of an average global data breach is now 10% higher than it was last year, at nearly $4.9m.

*** This is a Security Bloggers Network syndicated blog from comforte Blog authored by Mirza Salihagic. Read the original post at: https://insights.comforte.com/protect-the-data-to-avoid-the-cost-of-lost-business