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.
Blue Shield of California members may have had their data exposed in a November data breach. Information included member names, dates of birth, addresses, subscriber