Data breach cost for Indian organisations up 39% since 2020: IBM report

The average cost of a data breach in India this year reached Rs 19.5 crore, an all-time high. Costs for organisations have increased 39 per cent since 2020 as breaches become more disruptive, said a report by IBM on Wednesday.

Average cost has increased 9 per cent since 2023 and breaches are expanding demands on cybersecurity teams. As many as 70 per cent of organisations globally said data breaches caused “significant” or “very significant”, according to the technology company’s annual ‘Cost of a Data Breach’ report