According to 2024 IBM Cost of a Data Breach Report, Healthcare had the highest cost of data breach by industry:

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BlackTom AI · Accepted Answer

The question asks whether, per the 2024 IBM Cost of a Data Breach Report, the Healthcare industry had the highest cost of data breach by industry.
Option 1 (True): This statement aligns with the 2024 findings, which highlighted that healthcare consistently faced the highest average cost per breach among industries due to factors such as extensive personal health information, regulatory fines, notification and remediation expenses, and long-term patient impact. In the report, healthcare is identified as the industry with the largest average cost, reflecting these substantial financial consequences.
Option 2 (False): If this were true, it would imply that another industry exceeded healthcare in average breach cost, which contradicts the IBM 2024 report’s characterization of healthcare as the costliest sector on average. The assertion overlooks the data showing healthcare’s elevated costs driven by sensitive data, regulatory scrutiny, and expensive breach responses.
In summary, the reasoning behind confirming True rests on the report’s emphasis that healthcare bears the highest average breach cost, while False would require evidence of another industry surpassing healthcare, which the report does not indicate.

ERMCPS5570_002_2025_1 - INFORMATION TECHNOLOGY RISK MANAGEMENT Midterm

According to 2024 IBM Cost of a Data Breach Report, Healthcare had the highest cost of data breach by industry:

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