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IBM Security 2023 Cost of a Data Breach Report
IBM's 2023 Cost of a Data Breach Report — conducted by Ponemon Institute and sponsored by IBM— examines the root causes and both short-term and long-term consequences of data breaches.
The report includes information from 553 organizations impacted by data breaches that occurred between March 2022 and March 2023 and explores the various factors and technologies that either limited or increased the costs of a breach.
Download the report and learn what works, and doesn't, in preventing data breaches.
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The average cost of a data breach reached USD 4.45 million in 2023, which is a 2.3% increase from the previous year's cost of USD 4.35 million.
Impact of Security Investments
The report indicates that organizations are nearly evenly split on whether they will increase security investments after a breach. The primary areas for potential investment include incident response planning, employee training, and threat detection technologies.
Role of Law Enforcement in Ransomware Incidents
Involving law enforcement in ransomware incidents can lead to lower costs. The research found that organizations that did not involve law enforcement paid 9.6% more and experienced a 33-day longer breach lifecycle compared to those that did.
IBM Security 2023 Cost of a Data Breach Report
published by Nutech Technologies, LLC
Crowell’s Computer Solutions, LLC (dba) NuTech Technologies, LLC
is a certified vendor and value-added reseller of IT Computer Hardware
and Software for Government Agencies, and small to mid-size businesses
Established in 2018 by Thomas Crowell an Army Veteran, whose mission
is to support companies by providing IT services and products. We help
organizations transform IT service delivery, operations, and resources to
align business and IT. Through a prescriptive approach, we examine
business requirements and provide actionable recommendations, and
help you define and implement new processes to meet and exceed your
business technology goals.
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