27
Jul
IBM's annual Cost of a Data Breach Report shows India's average data breach cost reached INR 179 million in 2023, a 28% increase since 2020. Detection and escalation costs jumped 45%, indicating a shift towards more complex investigations. Phishing was the most common attack type, followed by stolen credentials. Social engineering was the costliest root cause, costing INR 191 million. In India, 28% of data breaches resulted in data loss across multiple environments, indicating attackers could compromise multiple environments without detection. The highest associated breach costs were INR 188 million and took the longest to identify and contain (327 days).…
