News > Average cost of data breach in India reaches all-time high of Rs 195 million: IBM

Average cost of data breach in India reaches all-time high of Rs 195 million: IBM

Mathrubhumi | 31/07/2024 06:32 PM | Click to read full article

This marks a 39% increase since 2020 and a 9% rise from the previous year.  In India, lost business -- including operational downtime, loss of customers, and reputation damage -- drove a nearly 45% increase in breach costs, notification costs rose by 19% from the previous year. Detection and escalation costs also saw a slight increase of 7%, reflecting the intricate nature of breach investigations, which continue to represent the highest portion of breach costs.

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