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Rs 16.5 crore average cost of data breach for an Indian firm: Report

While Rs 5,900 was the cost per lost or stolen record in 2021, an increase of 6.85 per cent from 2020, 27,966 average records were breached between May 2020 and March 2021

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Photo for representational purpose. Picture Courtesy/iStock

Photo for representational purpose. Picture Courtesy/iStock

An Indian organisation paid nearly Rs 16.5 crore on average as cost of data breach in 2021 to date, an increase of 17.85 per cent from last year in the remote work and learning times, a new IBM study showed on Wednesday.

Organisations with less than 50 per cent remote work adoption took 208 days as the average mean time to identify a data breach and 72 days as the average mean time to contain a data breach, according to the global '2021 Cost of a Data Breach Report' from IBM Security and US-based Ponemon Institute.

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