In 2024, the global average cost of a data breach surged to $4.88 million, marking a 10% increase from the previous year, the largest jump since the pandemic. This spike is driven by growing expenses in lost business and post-breach responses.
Organizations that deployed security AI and automation extensively saw significant cost savings of $2.2 million, highlighting the critical role of advanced technologies in reducing breach costs.
61% of businesses are struggling to keep up with evolving cybersecurity measures, while 59% of medium-sized businesses reported cyber breaches in the past year.
Regular security assessments ensure that your organization remains compliant with the latest regulations while identifying and addressing new vulnerabilities before they can be exploited.
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