The average cost of a data breach in the UK has soared to £3.58m from March 2023 to February 2024, up 5% compared with the previous 12-month period.
Worldwide, organisations with severe security staffing shortages were affected by a substantial rise in breach costs. Security AI and automation are effective in reducing breach expenses and business impact.
Robust, AI-driven security measures are essential to address regulatory non-compliance and IoT vulnerabilities. IBM's report highlights critical vulnerabilities and strategic opportunities in the cybersecurity landscape.
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