Average cost of data breach in India reached record high of Rs 19.5 crore: IBM Report

The IBM report revealed that the cost of data breaches in India surged to Rs 195 million in 2024, marking a 39% rise since 2020. Key contributors included lost business and notification expenses. Phishing, stolen credentials, and public cloud breaches were cited as prevalent attack types. While AI and automation helped reduce costs, many organizations still underutilized these technologies.