The latest edition of the “Cost of a Data Breach Report” from IBM Security has revealed that the average cost of a data breach in Asean countries, including in Philippines, reached $3.05 million in 2023 – an all-time high for the report and a 6% increase year-to-year.
IBM Security announced on Wednesday, July 28, the results of a global study which found that data breaches now cost surveyed companies $4.24 million per incident on average – the highest cost in the 17-year history of the report.
