Increasing Cybersecurity Breaches Result in Higher Consumer Prices, IBM Report Reveals

The average cost per data breach incident rose to $4.88 million, according to a 2024 report.
Increasing Cybersecurity Breaches Result in Higher Consumer Prices, IBM Report Reveals
A computer keyboard lit by a displayed cyber code. Kacper Pempel/Illustration/Reuters
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The financial impact of data breaches on organizations worldwide continues to grow, a new report by International Business Machines (IBM) highlighted this week.

Companies have increasingly passed these costs onto their customers, with more than half of the surveyed organizations indicating they have raised prices as a result, according to the report.

Chase Smith
Chase Smith
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Chase is an award-winning journalist. He covers national politics for The Epoch Times. For news tips, send Chase an email at [email protected] or connect with him on X.
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