IBM’s 2024 Cost of a Data Breach Report: AI-Powered Security Lowers Costs
Blog post from Veza
The IBM's 2024 Cost of Data Breach Report reveals a significant increase in the cost of data breaches, with an average cost rising nearly 10% to $4.88 million. Business disruption is cited as the greatest contributing factor to this rise. AI-led attacks are also making breaches more frequent and expensive. The use of AI and automation extensively in security can lower the cost of breaches by up to $2.22 million, with organizations that used AI for prevention reducing costs by 45.6%. Automating threat detection and response processes using AI can help businesses identify and contain breaches faster, thereby minimizing losses.
| Trend | Post Mentions | Total Month Mentions | Posts | Companies | MoM |
|---|---|---|---|---|---|
| AI Model Fine-tuning | 1 | 990 | 166 | 89 | -4% |
| LLM | 1 | 3,996 | 453 | 162 | -12% |
| Real-time | 1 | 2,938 | 776 | 217 | +27% |
Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.