Cyber breach costs approach $10M, on average, but can be mitigated by defensive AI

While the costs of cybersecurity attacks have increased 10% over the prior year – representing the largest annual jump since the pandemic – use of artificial intelligence and automation in defensive cybersecurity workflows continued to cut breach costs, according to IBM Security’s 2024 Cost of a Data Breach Report, conducted independently by the Ponemon Institute.

The key recommendation: Invest in artificial intelligence-driven defenses…