Key Points
The average cost of data breaches in India stand at $2.18 million in 2023, up 28% since 2020 though less than the global average cost of $4.5 million, RBIs annual report on currency and finance which was themed around digitalisation said...
The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by 2028, up from $8.15 trillion in 2023..
The average cost of a data breach has also risen to $4.45 million in 2023, a 15% increase over three years (IBM, 2023)..
You might be interested in
Global smartphone data traffic set to rise over twofold in six years: Report
03, Dec, 234G subscriptions are expected to decline from 870 million in 2023 to 390 million by 2029 with the rise of new generation technologies. 5G is expected to account f
Funds for fintech cos hit 3-year low at $2 bn
04, Jan, 24Fintech funding in India declined by 63% in 2023, reaching a total of $2 billion. Only five rounds surpassed the $100 million mark. The decline is attributed to high borrowing costs and challenging macroeconomic factors. InCred was the only unicorn in 2023.