IBM Report: Escalating Data Breach Disruption Pushes Costs to New Highs

Intellectual property theft spiked; More than one-third of breaches involved shadow dataYet use of AI/Automation cut breach costs by $1.88 millionCAMBRIDGE, Mass., July 30, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today released its annual Cost of a Data Breach Report revealing the global average cost of a data breach reached$4.88 million in 2024, as breaches grow more disruptive and further expand demands on cyber teams. Breach costs increased 10% from the prior year, the largest yearly jump since the pandemi ...