Organizations with extensive use of security AI and automation detected and contained an incident on average 108 days faster than organizations that didn’t use security AI and automation. AI and ASM sped the identification and containment of breaches. And a high-level use of incident response (IR) planning and testing of the IR plan was also advantageous, leading to reduced costs of $1.49 million on average.Ģ. A high-level use of a DevSecOps approach (a methodology for integrating security in the software development cycle) saved organizations an average of $1.68 million. Meanwhile, organizations in the study that had robust approaches to proactive security planning and processes also reaped large benefits. Those that used security AI and automation extensively saved an average of $1.76 million compared to those that had limited or no use. Some of the most effective security tools and processes helped reduce average breach costs by millions of dollars, led by security AI and automation. Security AI and automation, a DevSecOps approach, and incident response (IR) plans led the way in cost savings. (The breaches studied occurred between March 2022 and March 2023, so mentions of years in this post refer to the year of the study not necessarily the year of the breach.) Explore the report Top findings from the Cost of a Data Breach reportīelow are some of the top findings from the 2023 Cost of a Data Breach Report.ġ. The 2023 edition of the report draws analysis from a collection of real-world data breaches at 553 organizations, with thousands of individuals interviewed and hundreds of cost factors analyzed to create the conclusions in the report. A leading benchmark study in the security industry, the report is designed to help IT, risk management and security leaders identify gaps in their security posture and discover what measures are most successful at minimizing the financial and reputation damages of a costly data breach. The research, conducted independently by Ponemon Institute and analyzed and published by IBM Security, constitutes the 18th annual Cost of a Data Breach Report. Yet as breach costs continue to climb, the research points to new opportunities for containing breach costs. Costs in the healthcare industry continued to top the charts, as the most expensive industry for the 13th year in a row. Data breach costs continue to grow, according to new research, reaching a record-high global average of $4.45 million, representing a 15% increase over three years.
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