Average cost of healthcare data breach nearly $10M in 2024: report

Healthcare remains the most costly industry for data breach responses and recovery, with an average cost of $9.8 million in 2023, according to an IBM report. The sector has seen major breaches this year exploiting patient care disruptions. Technology mitigates some loss, with AI lowering data breach damages by an average of $2.2 million. However, passing on costs to customers amid a 10% overall industry increase has been typical.