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Global data breach costs ‘rise by 10%’, finds IBM study

IBM’s study reveals a 10% increase in the average cost of a data breach, skyrocketing it to $4.88 million in 2024. The research further reported that 70% of breached companies experienced significant disruption, with recovery taking up to 100 days for smaller firms. Quarter of the companies were understaffed and incurred $1.76 million more in breach costs. Using AI and automation saved organizations an average of $2.2 million.

Source: www.nationaltechnology.co.uk –

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