VentureBeat October 20, 2024
Modern cybersecurity professionals require advanced technologies to deter, detect and expel hackers, and the predictive benefits of AI can mean the difference between data protection and ruin.
The average cost of a data breach in the U.S. hit a high-water mark of $9.48 million in 2023. Losses have ticked up every year since 2013, even during the global health emergency of Covid-19 when many businesses shuttered. An analysis in IBM’s 2024 data breach report indicates that organizations that employed extensive AI security automation saved $2.22 million, while also lowering cybersecurity insurance.
Industry leaders would be well-served to think about cyberattacks outside the financial implications, as well. Should your organization pay a ransomware demand or right the ship after a crushing...
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