Average data breach cost jumps to $5 million

In 2024, the average cost of a data breach has surged to $4.88 million (£3.6 million), a significant financial strain on businesses worldwide. On the other hand, companies that invested in advanced security AI and automation saw substantial savings, reducing potential breach-related expenses by $2.22 million (£1.6 million). For businesses, implementing robust AI-driven security measures are not […]