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Cost of data breach for India Inc rose by 9.4% in 2020: IBM Data Breach Report

Cost of data breach for India Inc rose by 9.4% in 2020: IBM Data Breach Report
Cost of data breach for India Inc rose by 9.4% in 2020: IBM Data Breach Report
The report found that appointing a CISO was associated with $145,000 cost savings versus the average cost of a breach.

SynopsisAn annual study by IBM Security covering over 500 companies globally to examine the financial impact of data breaches, found that the average total cost for India Inc due to security breaches in 2020 was Rs 140 million (Rs 14 crore) in 2020, an increase of 9.4% from 2019.

Mumbai: As India Inc increasingly adapts remote work, it also expects the cost of data breaches to increase with compromised employee accounts likely to cost it dearly.An annual study by IBM Security covering over 500 companies globally to examine the financial impact of data breaches, found that the average total cost for India Inc due to security breaches in 2020 was Rs 140 million (Rs 14 crore) in 2020, an increase of 9.4% from 2019. It said
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