Breach costs for healthcare have increased 53.3 percent since 2020 and now average $10.93 million each, nearly double the second most costly industry (financial), according to the study. Those costs surpassed $10 million for the first time in 2022, when they stood at $10.1 million.
“Cybercriminals have started making stolen data more accessible to downstream victims,” IBM wrote in a news release. “With medical records as leverage, threat actors amplify pressure on breached organizations to pay a ransom.”
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