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Organizations that leveraged AI and automation in security prevention cut the cost of a data breach by US$2.22 million compared to those that didn’t deploy these technologies, according to IBM

02 Aug 2024

Organizations that leveraged the power of artificial intelligence (AI) and automation in security prevention cut the cost of a data breach by as much as US$2.22 million compared to those that didn’t deploy these technologies, according to IBM’s Cost of a Data Breach Report 2024 published this week.

The study – which gathered the experiences of more than 3,500 cybersecurity and business leaders from 600 organizations hit by a breach – also listed a number of factors that that influenced the average cost of a breach. Speaking of which, this cost rose to US$4.88 million in 2024, which was up 10 percent from the year prior. The healthcare sector was hit the hardest, according to the study packed with a lot of interesting data.

What drove this increase and what other insights does the report offer? What are the recommendations to help cut the cost of a breach? And how does cyber-insurance come into play? Find out in the video.

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