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Key Cybersecurity Tools That Can Mitigate the Cost of a Breach

IBM’s 2023 “Cost of a Breach” report reveals that the average cost of a data breach has increased to $4.45 million, a 15% rise over three years. It notes the healthcare industry as the most vulnerable, with an average loss of $10.93 million. However, only 51% of breached entities have enhanced their security investments. The report emphasizes the need for threat detection, effective incident response plans, and understanding vulnerabilities to mitigate breach costs. It also underlines the importance of robust password security and use of technologies like External Attack Surface Management.

Source: thehackernews.com –

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