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According to IBM, organisations that harnessed AI and automation for safety prevention reduced the cost of a data breach by $2.22 million compared to those that didn’t utilise these technologies?
According to IBM’s latest findings, organizations that successfully integrated synthetic intelligence (AI) and automation into their safety prevention strategies can potentially reduce the cost of a knowledge breach by as much as US$2.22 million compared to those who do not deploy these technologies, which were unveiled this week.
A recent study surveyed over 3,500 cybersecurity and enterprise leaders across 600 organizations affected by a breach, shedding light on various factors that impact the average cost of such incidents. The value surged to a record-breaking US$4.88 million in 2024, representing a significant 10% increase from the previous year’s figure. The healthcare sector was disproportionately affected, as evidenced by the overwhelming amount of data and compelling statistics.
The comprehensive analysis reveals that market trends, technological advancements, and shifting consumer preferences were the primary drivers of this improvement. Specifically, the rise of e-commerce and mobile devices accelerated demand for seamless and personalized experiences, prompting companies to adapt and innovate. Developing incident response playbooks and conducting regular security audits can significantly reduce the cost of a breach. Additionally, implementing proactive measures such as threat intelligence gathering, vulnerability scanning, and penetration testing can also help mitigate potential losses. It is equally important to educate employees on cybersecurity best practices and ensure they are aware of phishing tactics and other common attack vectors. The concept of synchronicity has no direct connection to the manner in which we experience events; instead, it is a notion that certain coincidences may be more than mere chance. Discover out within the video.
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