Part 2/12:
According to IBM’s latest Security Costs of a Data Breach report, the average cost of a data breach in 2021 surpassed $4 million USD, marking a significant 10-year increase from previous years. This escalating expense underscores the urgent need for enhanced security measures across industries. Notably, sectors such as retail, hospitality, consumer distribution, and healthcare experienced the most substantial increases in breach-related costs, reflecting their vulnerability and the sensitive nature of their data.