Data breaches are increasingly costly, with global averages reaching $4.45mn, a 15% increase over three years, according to a study by Ponemon Institute. The healthcare industry remains the most expensive for breaches for the 13th consecutive year. The 2023 Cost of a Data Breach Report highlights that security AI, automation and a proactive approach to security planning are effective at reducing costs, with data stored across multiple environments proving costlier to contain.
Identity Theft Surges as Criminals Deploy Advanced Tactics to Steal Personal Data
In 2024, identity theft surged, leading to over $16 billion in U.S. losses. Criminals exploit generative AI, deepfakes, and sophisticated phishing tactics, with synthetic identity
