Cyberattacks are increasing in sophistication, frequency, and cost each year, with the global average cost of a data breach hitting $4.45 million in 2023, according to a report by IBM and the Ponemon Institute. The healthcare sector is the worst affected, with an average breach cost of $10.93 million. The report suggests utilising automation and AI cybersecurity to reduce costs, and stresses the importance of a multi-faceted approach to breach remediation.
Complacent Gen Z and Millennial workers are more likely to be duped by social engineering attacks
Overconfidence and a lack of security training are putting organizations at risk
