The average total cost of a breach in the healthcare sector rose from USD 9.23 million in the 2021 report to USD 10.10 million in 2022, marking an increase of USD 0.87 million, which represents a 9.4% growth.
The top five industries, ranked by cost, remained consistent with the 2021 report. Following healthcare were the financial, pharmaceuticals, technology, and energy sectors.
Globally, cyberattacks rose by 38% in 2022 compared to 2021. Cybercriminals have exploited an expanded attack surface resulting from the increased adoption of cloud-based solutions and services to manage business operations.
Cybercrime can have significant and far-reaching impacts on businesses of all sizes and industries. The consequences of cybercrime go beyond financial losses and can affect various aspects of a business's operations, reputation, and customer trust.