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Average cost of healthcare data breach nearly $10M in 2024: report

Healthcare is the costliest sector for responding to and recovering from data breaches, averaging $9.8m per incident this year, down from $10.9m in 2023. However, finance, the second most expensive sector, reported an average cost of just $6.1m. The study reveals that data breaches cost industries 10% more in 2023, despite cybersecurity measures. AI implementation did manage to reduce the cost of breaches by an average of $2.2m.

Source: finance.yahoo.com –

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