AI-powered cybersecurity saved companies millions on data-breach costs, IBM finds
( July 30, 2024, 10:00 GMT | Official Statement) -- MLex Summary: Companies using artificial intelligence for cybersecurity efforts saved significant sums, a major report by IBM has found. The tech company, which produces a highly watched annual report on the cost of data breaches, said the global average cost of one data breach has now reached $4.88 million, but that companies that use AI and automation have saved an average $2.2 million in breach costs. The rise in overall cost was attributed to increasingly disruptive breaches and the expense of operating cybersecurity teams.The press release is below. The report is attached. ...
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