Security News > 2022 > July > The global average cost of a data breach reaches an all-time high of $4.35 million

IBM Security released the 2022 Cost of a Data Breach Report, revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations.

Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million - a $1.17 million increase compared to those that do.

Participating organizations fully deploying security AI and automation incurred $3.05 million less on average in breach costs compared to studied organizations that have not deployed the technology - the biggest cost saver observed in the study.

For the 12th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.

According to the 2022 Cost of a Data Breach Report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay - not including the ransom amount paid.

Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively.

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https://www.helpnetsecurity.com/2022/07/27/2022-cost-of-a-data-breach-report/