IBM Report: Half of Breached Organizations Unwilling to Increase Security Spend Despite Soaring Breach Costs

August 10, 2023

Detection and escalation costs jumped 42% over this same time frame, representing the highest portion of breach costs, and indicating a shift towards more complex breach investigations. The research, sponsored and analyzed by IBM Security, was conducted by Ponemon Institute and has been published for 18 consecutive years. For the first time this year, the IBM report looked closer at this issue and found evidence to the contrary. Sign up for the 2023 IBM Security Cost of a Data Breach webinar on Tuesday, August 1, 2023 , at 11:00 a.m. Media Contact:Cassy LalanIBM Communications, [email protected] | Chicago1 The 2023 Cost of a Data Breach Report ,conducted by Ponemon Institute, is sponsored and analyzed by IBM Security.

The source of this news is from IBM