What’s new in the 2023 Cost of a Data Breach report

Data breaches are increasingly costly, with global averages reaching $4.45mn, a 15% increase over three years, according to a study by Ponemon Institute. The healthcare industry remains the most expensive for breaches for the 13th consecutive year. The 2023 Cost of a Data Breach Report highlights that security AI, automation and a proactive approach to security planning are effective at reducing costs, with data stored across multiple environments proving costlier to contain.