Average Data Breach Cost Reaches $4.35 Million, Up 13% Over the Past Two Years

Two college students ID'ed a sextortionist, Admins have only 15 minutes to patch after CVE is published, Greek leader says he was targeted with Predator spyware, Cryptojacking attacks climb, much more

Ahead of today’s House Intel Committee hearing on foreign spyware, my latest CSO column looks at the continuing rash of spyware infections and the tentative steps the feds have taken to address it.

Photo by Jp Valery on Unsplash

IBM Security’s 2022 Cost of a Data Breach Report found that the average cost of a data breach has hit an all-time high of $4.35 million.

The report, based on an analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022, suggests that the increasing cost of these incidents, up 13% over the last two years, is contributing to rising costs of goods and services. The report also found that 83% of studied organizations had experienced more than one data breach in their lifetime, and nearly 50% of breach costs were incurred more than a year after the breach. (Duncan Riley / Silicon Angle)

Related: Venture Beat, Silicon Republic, RTE, Help Net Security, IBTimes India, Tech Monitor, ZDNet, IBM

A hacker targeted college …