Collaborate Disseminate
Today, the pace of world change astounds us, and cybersecurity reflects that, unlike any other industry. The data from the last decade tells us an amazing — and sometimes troubling — story. In 2014, the average cost of a data breach was $3.5 million. Today, the average cost of a data breach has surged nearly […]
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Data breaches can occur anywhere in the world, but they are historically more common in specific countries. Typically, countries with high internet usage and digital services are more prone to data breaches. To that end, IBM’s Cost of a Data Breach Report 2023 looked at 553 organizations of various sizes across 16 countries and geographic […]
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Data breaches are both commonplace and costly in the medical industry. Two industry verticals that fall under the medical umbrella — healthcare and pharmaceuticals — sit at the top of the list of the highest average cost of a data breach, according to IBM’s Cost of a Data Breach Report 2023. The health industry’s place […]
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According to the IBM Cost of a Data Breach Report 2023, the global average cost of a data breach in 2023 was $4.45 million, 15% more than in 2020. In response, 51% of organizations plan to increase cybersecurity spending this year. For the financial industry, however, global statistics don’t tell the whole story. Finance firms […]
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While external cyber threats capture headlines, the rise of insider threats from within an organization is a growing concern. In 2023, the average cost of a data breach caused by an insider reached $4.90 million, 9.6% higher than the global average data breach cost of $4.45 million. To effectively combat this danger, integrating advanced analytics […]
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Data breaches are becoming more costly across all industries, with healthcare in the lead. The 2023 Cost of a Data Breach Report analyzes data collected from March 2022 to March 2023. Healthcare remains a top target for online criminal groups. These data breach costs are the highest of any industry and have increased for the […]
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Not long ago, the corporate world was enthralled with the promise of digital transformation. But in the midst of the digital revolution, people were paying less attention to security than they probably should have. The business advantages of digital transformation may be obvious. So how do we account for the associated security risks and costs? […]
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Attack volumes are up, and attackers are finding new ways to compromise corporate security. According to the HackerOne 6th Annual Hacker-Powered Security Report, ethical hackers found 65,000 vulnerabilities in 2022. What’s more, 92% of hackers said they could pinpoint weaknesses that scanning tools missed, making reliance on detection technology alone a dangerous prospect. At the […]
The post Spend to save: The CFO’s guide to cybersecurity investment appeared first on Security Intelligence.
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The cybersecurity tools you implement can make a difference in the financial future of your business. According to the 2023 IBM Cost of a Data Breach report, organizations using security AI and automation incurred fewer data breach costs compared to businesses not using AI-based cybersecurity tools. The report found that the more an organization uses […]
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In recent years, many high-profile companies have suffered destructive cybersecurity breaches. These public-facing assaults cost organizations millions of dollars in minutes, from stock prices to media partnerships. Fast Company, Rockstar, Uber, Apple and more have all been victims of these costly and embarrassing attacks. The total average cost of a data breach has increased by […]
The post Millions Lost in Minutes — Mitigating Public-Facing Attacks appeared first on Security Intelligence.
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