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IBM Report: ASEAN’s Data Breach Costs Hit an All-Time High, with Financial Sector Incurring the Highest Cost

Manila, August 7, 2024— IBM (NYSE: IBM) released its annual Cost of a Data Breach Report revealing the average cost of a data breach in the ASEAN region reached a new high of USD $3.23 million in 2024, representing a 6% increase from the prior year. ASEAN’s critical infrastructure organizations experienced the highest breach costs, with financial services participants saw the costliest breaches…

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