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Average cost of data breaches expected to surpass US$5 million per incident in 2023

Nurdianah Md Nur
Nurdianah Md Nur • 2 min read
Average cost of data breaches expected to surpass US$5 million per incident in 2023
Phishing attacks and malicious emails are the most effective methods used in data breaches, according to Acronis. Photo: Unsplash
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Businesses can expect to lose US$5 million if they were to be hit by a data breach next year, according to a report by cyber protection provider Acronis.

Ransomware continues to be the number one threat, with ransomware gangs adding up to 300 new victims to their combined list every month in the second half of 2022.

By the end of Q3, the total number of compromised targets published for the main operators in 2022 were as follows:

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