2 years ago

This is a 6.6% increase from last year's Rs 16.5 crore and an uptick of 25% from the average cost of Rs 14 crore in 2020, as stated by IBM analysts. IBM’s findings are based on a real-world analysis of data breaches that affected more than 550 companies between March 2021 and March 2022.

The IBM Cost of Data Breach analysis reports that India’s organizations in the mature stage of adopting zero-trust deployment procedures faced Rs 160 million in data breach costs.

According to the annual IBM Cost of a Data Breach Report, the average healthcare data breach cost is the highest in 12 years.

Compared to India’s overall data breach costs, post-breach response costs significantly surpassed all other expenses with Rs 7.1 crore, an increase of 5.65% or Rs 6.7 crore from 2021.