IBM Security 2020 Cost of Data Breach Report Shows 10% Annual Increase in Healthcare Data Breach Costs

HIPAA Journal reports on the newly released IBM study:

The 2020 Cost of Data Breach Report from IBM Security has been released and reveals there has been a slight reduction in global data breach costs, falling to $3.86 million per breach from $3.92 million in 2019 – A reduction of 1.5%.

There was considerable variation in data breach costs in different regions and industries. Organizations in the United States faced the highest data breach costs, with a typical breach costing $8.64 million, up 5.5% from 2019.

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