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The Cost of a Data Breach Report explores the leading factors that may increase or decrease the cost of a data breach and outlines steps Australian organisations can take to reduce security breach risks. Conducted independently by the Ponemon Institute, the 2022 report includes new analysis such as:
- Reasons for Data Breach cost surges: Data breach costs surged 13% from 2020 to 2022
- How to save days in breach response time: Extended detection and response (XDR) technologies helped save an average of 29 days in breach response time
- Benefits of having an IR team: Organisations that have an incident response (IR) team and regularly test their IR plan saved on average USD 2.66 million
- Factors to achieve Cost Savings: Breaches at organisations leveraging AI and automation tools cost USD 3.05 million less than at organisations without those tools
- Risk quantification techniques
- Technologies that contribute to a zero-trust security framework: The role of identity and access management (IAM) and multifactor authentication (MFA)
- Vendor:
- IBM
- Posted:
- Aug 30, 2022
- Published:
- Aug 30, 2022
- Format:
- Type:
- Analyst Report
