Data Breach costs are increasing – what’s the impact of COVID?

Data breaches have far-reaching consequences, causing financial losses and long-lasting reputational damage. Despite increasing worldwide spending on IT security products and services, breaches and malicious attacks continue to grow.  As organizations try to recover from effects of the COVID-19 pandemic, these breaches are dramatically impacting the bottom line.

A recent report published by IBM Security, Cost of A Data Breach Report 2020, revealed that worldwide, the cost of a data breach is going up.

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