Data breaches cost Indian companies Rs 165 mn, rising 18% from 2020: Report

Breaches worldwide cost companies $4.24 million per incident on average, says an IBM study.

Data breaches cost companies $4.24 million per incident on average, said an IBM global study on Wednesday, marking the highest such expense in the 17-year history of the report.

For India, the average total cost of a data breach was Rs 165 million in the 2021: an increase of 17.85 per cent from last year. The findings were part of the annual Cost of a Data Breach Report, conducted by Ponemon Institute and sponsored and analyzed by IBM Security.

Based on an analysis of data breaches experienced by over 500 organizations, the study said security incidents are becoming harder to contain due