Data breach costs surge

A firm loses ₹22 crore on average for a data breach, reports Mint, citing an IBM study. This figure has increased by 13% year-on-year in 2025. The research sector has recorded the highest losses from data breaches, followed by transportation and industrial. Despite data breaches costing companies, almost 60% of the affected firms do not have an AI governance policy. “While AI is being rapidly embedded across business operations, security and governance are being left behind,” says Viswanath Ramaswamy, Vice President – Technology at IBM India and South Asia. What kind of data breaches are most common? Phishing for personal information topped the list, closely followed by third-party vendor and supply chain promises, adds the report.

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Data breach costs surge | LinkedIn

The average cost a firm pays for a data breach has increased by 13% year-on-year to ₹22 crore in 2025, reports Mint.