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Data breaches are costing businesses more than ever

Data breaches are costing businesses more than ever

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Data breach incidents hit unprecedented levels over the last year as businesses were forced to rapidly transition to a remote-first work environment, according to a new report.

The latest edition of IBM’s annual Cost of Data Breach report estimates that data breaches now cost companies an average of $4.24 million per incident, which is the highest figure in the report’s 17-year history,

The report suggests that the move to work-from-home environments had an adverse impact on data security, with incidents becoming more costly and harder to contain.

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