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Insights into what drives data breach costs

  • 1.  Insights into what drives data breach costs

    Posted Fri July 29, 2022 11:03 AM

    Data breach costs surged 13% from 2020 to 2022. What's contributing to this increase? And what can organizations do about it?

    The Cost of a Data Breach Report, now in its 17th year, is an essential resource for security and business leaders. This year's report explores the leading contributors to higher data breach costs viewed through the lens of sectors and geographical regions, and details measures organizations can take to minimize their security breach risks: 

    • Breaches at organizations leveraging AI and automation tools cost USD 3.05 million less than at organizations without those tools.
    • Organizations that have an incident response (IR) team and regularly test their IR plan saved on average USD 2.66 million.
    • Organizations that have implemented a zero trust architecture have an average of USD 1 million less in breach costs.
    • Extended detection and response (XDR) technologies helped save an average of 29 days in breach response time

      Learn More and download the report.

    Surekha Parekh