Data breaches now cost companies a total of $4.24 million per incident on average, according to the Cost of a Data Breach Report, conducted by Ponemon Institute and analyzed by IBM Security. Based on in-depth analysis of real-world data breaches experienced by over 500 organizations, the global study suggests that security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic, with costs rising 10% compared to the prior year.

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