Automated, AI-equipped security tools help hold the line on data breaches>
– Dave Pearson
Going by language in a new report, the company defines the term as technology that “enables organizations to predict threats, protect data as it moves, and respond with speed and precision without holding back business innovation.” Other key findings from the report, “Cost of a Data Breach 2023,” which was released the last week of July and is the sixth in the series: – For the 13th consecutive year, healthcare shows the most expensive data breaches of any sector, shelling out an average of $10.93 million per breach.- That’s up 8.3% over 2022 ($10.10 million)—and a 53.3% spike over 2020, when healthcare reported an average breach-recovery price of $7.13 million.Only 28% of organizations extensively used security AI and automation tools in their cybersecurity processes, while 33% had limited use, IBM says, adding: “That leaves nearly 4 in 10 relying solely on manual inputs in their security operations.” Worth noting is that healthcare orgs comprised the smallest slice of the 17-industry study cohort.
Link: https://aiin.healthcare/topics/health-it/cybersecurity/automated-ai-equipped-security-tools-help-hold-line-data-breaches