💭 What is the true cost of a data breach? IBM Security’s latest Cost of a Data Breach Report 2023 has revealed the global average cost of a breach has reached an all time high this year of $45.5 million, a 15.3% increase from 2020! The report also highlighted the need for better threat detection amongst organisations, with only one-third of companies discovering data breaches through their own security teams or tools. Many organisations only review their cybersecurity capabilities when a breach has already occurred, however the cost of a breach can far outweigh the cost of proactively assessing your level of cybersecurity. Here at BOM we support businesses of all shapes and sizes in remaining cybersecure. Want to find out more about our cybersecurity services? Contact the team at sales@bom.co.uk – we’d be happy to discuss your security needs. 😄 Want to find out what else the report highlighted? Click the link below! https://lnkd.in/eKdegUyG #databreach #data #cybersecurity #MSP #security
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The global average cost of a data breach this year is $4.45 million, which represents a 15% increase over the past three years, according to IBM’s 2023 Cost of a Data Breach Report. The report also found that 51% of organizations are planning to increase their investments in cybersecurity as a result of a breach, including incident response planning and testing, employee training, and threat detection and response tools. This week, we’re highlighting some key findings from the report, as well as sharing how you can prevent and reduce the cost of data breaches. Read IBM’s report here: https://ow.ly/59HG50PU8WE #MBLTechnologies #cybersecurity #databreach #IBM
Cost of a data breach 2023 | IBM
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The IBM Security Cost of a Data Breach Report 2023 is here! 🙌 With this year’s average cost of a data breach reaching $4.45 million per incident, security leaders must act now to better defend themselves. Explore the report that highlights #cybersecurity risks across multiple industries and geographies, along with recommendations on how to decrease costs: https://ibm.biz/BdyVac to drive your network to the Cost of a Data Breach Report 2023 digital experience For sample storage pricing with your config look here: https://ibm.biz/Bdf8Fn #cybersecurity #security #infosec
Cost of a data breach 2023 | IBM
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A recent IBM research shows that the worldwide average cost of a data breach escalated to $4.45 million in 2023. Besides the direct monetary impact, enduring repercussions include compromised customer confidence, diminished brand reputation, and disrupted business functionalities. Let's have a chat on how we AGS Cyber can assist your organization in enhancing data security and battling potential cyber attacks. Email: stella.su@agscyber.com Tel.: +44 (0)739 921 3818 #cyberawareness #cybersecurity #cybercareers #cyberjobs
Cost of a data breach 2023 | IBM
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Fight back against data breaches! 💪 Stay ahead of the game by understanding the causes and factors that increase or reduce costs of data breaches. Check out the comprehensive findings from the Cost of a Data Breach Report 2023, which draws on the experiences of over 550 organizations that were hit by a data breach. Don't let your organization become another statistic. Learn how to be better prepared for data breaches and protect your valuable data. Explore the report now: https://lnkd.in/eqE2juk4. #databreach #cybersecurity #datasecurity #bugbounty
Cost of a data breach 2023 | IBM
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"Fight back against data breaches. Be better prepared for breaches by understanding their causes and the factors that increase or reduce costs. Explore the comprehensive findings from the Cost of a Data Breach Report 2023. Learn from the experiences of more than 550 organizations that were hit by a data breach. This report provides valuable insights into the threats that you face, along with practical recommendations to upgrade your cybersecurity and minimize losses. Take a deep dive into the report and find out what your organization is up against and how to mitigate the risks." #business #privacy #cyber https://lnkd.in/gp4bWMtu
Cost of a data breach 2023 | IBM
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$4.45 million. Can you afford it? According to IBM's "Cost of a Data Breach" report, the global average cost of a data breach in 2023 has increased 15% in the last 3 years, with 51% of organizations affected saying they'll be increasing security measures as a result. Read the full report 👇 #databreach #cybersecurity #ibm #dataprotection #backupandrecovery
Cost of a data breach 2023 | IBM
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Want to learn how to protect your data? Let’s chat!
I wanted to share the IBM Security Cost of a Data Breach Report for 2023. With this year’s average cost of a data breach reaching $4.45 million per incident, data security leaders must act now to better defend themselves. Explore the report that highlights #cybersecurity risks across multiple industries and geographies, along with recommendations on how to decrease costs. Organizations with an incident response team and tested incident response plan saved an average $1.49 million per data breach. https://ibm.biz/BdyVac #cybersecurity #security #infosec
Cost of a data breach 2023 | IBM
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What CYBER SOLUTION is your company prioritising this year? Some Highlights from the IBM Data Breach 2023 Report: - The average COST OF A BREACH 4.45 MILLION USD - 82% of breaches are involved with DATA STORED IN THE CLOUD - 51% of organisations planning to INCREASE SECURITY investment Investments in automated scanners can help, but doesn’t cover you for IDOR attacks and nothing compares to a network of ethical researchers using their own scanners, being able to test your assets 24/7 – 365 🛡 https://lnkd.in/et7tbz58 If you would like to know more about the cost of cyber breaches or bug bounty 🐞 as a potential solution I would be happy to share more with you. #CISO #cyber #bugbounty #intigriti
Cost of a data breach 2023 | IBM
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IT risk management expert. Founder and president of Securance Consulting and CISO at Dados Health. I help organizations improve cybersecurity, limit IT risk, and safeguard corporate, employee, and customer data.
As we kick off 2024, reviewing #cybersecurity trends is crucial for staying ahead of evolving threats and maintaining a proactive cybersecurity posture. By analyzing historical trends, organizations can gain valuable insights into the tactics, techniques, and procedures employed by bad actors. IBM’s cost of a data breach report provides valuable insights into current threats and recommendations to strengthen security.
Cost of a data breach 2024 | IBM
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The IBM Security Cost of a Data Breach Report 2023 is here! 🙌 With this year’s average cost of a data breach reaching $4.45 million per incident, security leaders must act now to better defend themselves. Explore the report that highlights #cybersecurity risks across multiple industries and geographies, along with recommendations on how to decrease costs! https://lnkd.in/eKVWvcKM #IBM #stroage #cybersecurity #security
Cost of a data breach 2023 | IBM
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