Security AI and automation may reduce cost of data breaches

A data breach in the UK costs organisations an average of £3.4m, but this can reduce by £1.6m with the extensive use of AI and automation for cybersecurity, reveals IBM’s annual Cost of a data breach report. These technologies can decrease the average breach lifecycle by 108 days. However, only 28% of UK organisations have adopted them extensively. The sectors with the highest average breach costs are finance (£5.3m), services (£5.2m), and technology (£4.9m).