IBM’s “Cost of a Data Breach Report 2024” reveals that engaging law enforcement after a ransomware attack can reduce costs by an average of $1 million. Businesses cooperating with authorities investigate and resolve breaches faster and are less likely to pay a ransom. Data breaches are becoming more expensive, hitting a record average of $4.9 million, up 10% year-on-year, largely due to business disruption and post-breach expenses.

Louis Vuitton says UK customer data stolen in cyber-attack – The Guardian
Summarize this content to a maximum of 60 words: Louis Vuitton says UK customer data stolen in cyber-attack The Guardian