Data breaches to surpass US$5m in 2023

Regional News

Acronis’ latest cyberthreats and trends report for the second half of 2022 has predicted that in 2023, the average cost of data breaches will surpass US$5 million per incident.

It also revealed that threats from phishing and malicious emails have increased by 60%, and remain the main vector of infection.

In the UAE, organisations that were targeted by malicious attackers, lose over US$1.4 million (5.1m AED) in ransomware, with over 40% of those impacted companies forced to shut down as a result.

“The last few months have proven to be as complex as ever – with new threats constantly emerging and malicious actors continuing to use the same proven playbook for big payouts,” said Candid Wüest, Acronis VP of Cyber Protection Research. “Organisations must prioritise all-encompassing solutions when looking to mitigate phishing and other hacking attempts in the new year. Attackers are evolving, using some of the tools, like MFA, that we rely on to protect our employees and businesses against us.” acronis.com