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Average Data Breach Cost Has Jumped by Nearly $600,000 Since 2020

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.

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