IBM’s 2024 Cost of a Data Breach Report says the global average cost of a data breach has hit a record $4.88 million, a 10% increase from 2023. While security teams are improving breach detection and containment, rising business costs contributed to the hike. These expenses include loss of business, post-breach customer support, and regulatory fines. The study indicates that security AI and automation technologies can help mitigate breach impacts and lower costs. Industry-wide staffing shortages increased breach costs while also prompting greater adoption of AI and automation.
M&S issues update as crippling nationwide IT outage still ongoing – The Sun
Marks & Spencer (M&S) halted online orders in the UK and Ireland following a cyber attack, leading to a 5% drop in share price. Physical
