51 Biggest Data Breach Fines, Penalties and Settlements so Far
Experts at Ponemon Institute reveal that the average cost of a data breach will reach around $5 million in 2023. This is a hike when compared to $ 4.35 million in 2022 and $4.24 million in 2021. With the frequency and severity of data breaches on the rise, businesses must prioritize data security to avoid hefty fines and penalties.