Despite significant security investments, data breaches continue to escalate in cost, especially in healthcare – the sector with the highest costs and largest increase. Average data breach costs reached a record high of $4.45 million in 2023, up almost $600,000 in three years. The Middle East and the U.S. saw the biggest regional cost increases, while data breach costs in sectors like education and energy have decreased.
Kettering Health hit by cybersecurity attack
Kettering Health, a Dayton-based hospital group, underwent a system-wide outage due to a cyberattack, affecting its patient care systems. This potentially led to unauthorized access