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.

Unlocking Strategic Elasticity: A Healthcare Executive’s Guide to High-Efficiency Lean AI
Healthcare executives are encouraged to adopt leaner, efficient, open-source AI models to manage costs effectively and deliver superior patient outcomes. Implementations of lightweight, performance-driven AI