According to the 2023 IBM report – The average cost of a data breach in Australia has grown 32% in the last five years and this is now reaching the point where a breach can represent a potential catastrophe for a small to medium-sized business that chooses to do nothing now.
The study found that most businesses will pass the costs of the breach onto their customers, so how does this sound to your customers? – Sorry we got hacked and extra sorry we are passing the costs on to you… Lost your data and you pay the higher prices…..
Read the report in full here –
Cost of data breach in Australia has grown 32% in 5 years: IBM (securitybrief.com.au)
