According to the IBM Security Data Breach Report of 2022, India's average data breach cost is at a record high of Rs 17.6 crore (Rs 175 million, which is around $2.2 million) for the fiscal year of 2022. 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.

The volume and impact of data breaches have accelerated largely in 2022, which has contributed to many adverse effects for businesses. Tc highlights several updated factors that have generated great costs across 17 countries and regions, and 17 industries.he report has included new related areas of analysis such as.

LastPass, the popular password manager used by millions of people around the world, has announced that it suffered a security breach two weeks ago that saw attackers break into its systems and steal information. But don’t panic just yet – that doesn’t mean that all of your passwords are now in the hands of internet criminals.

Independent school districts (ISDs) are the perfect target for cybercriminals because their networks are typically poorly secured. Many schools have inadequate security practices due to the lack of education, training, or funding. ISDs are publicly funded primary and secondary educational institutions, including elementary, middle, and high schools.

No business can survive without data and tons of business data are churned daily. Of all data, intellectual property is at the heart of all business activities and the “Crown Jewels” of the organization. Therefore, to prevent information of an organization from being used for fraudulent activities, hacking, phishing, and identity theft it is important to protect the data.

Not everyone had the luxury of enjoying BBQ and backyard time during Fourth of July weekend. Kaseya, an IT management software provider, spent their 2021 holiday fighting a ransomware attack. You likely saw news of the attack in headlines over that holiday weekend, especially considering Kaseya is a technology provider to thousands of managed service providers.

Remote workforce models don’t look like they’re going anywhere anytime soon. While your employees need to collaborate, you need to make sure that you mitigate data breach risks. You worked diligently over the last few years to put the right access controls in place. The problem? Data breaches aren’t always threat actors and are not always malicious.