Cost of Data Breach Report 2023 reveals the average global cost of a data breach in 2023 was USD 4.45m, up 15% from 2020. 51% of firms plan to boost security investments after a breach with security AI and automation offering average savings of USD 1.76m. IBM Security products contribute with AI, QRadar SIEM, Managed Detection and Response (MDR) services. 82% of breaches involved cloud data, therefore securing hybrid cloud environments is vital. DevSecOps and penetration and application testing can uncover vulnerabilities to improve security.
