₹165 million in the 2021 study, an increase of 17.85% from 2020. The cost per lost or stolen record was ₹5,900 in the 2021 study, an increase of 6.85% from the previous year.
Businesses were forced to quickly adapt their technology approaches last year, with many companies encouraging or requiring employees to work from home, and 60% of organizations moving further into cloud-based activities during the pandemic.
The new findings released today suggest that security may have lagged behind these rapid IT changes, hindering organizations’ ability to respond to data breaches. “Higher data breach costs are yet another added expense for businesses in the wake of rapid technology shifts during the pandemic," said Chris McCurdy, vice president