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The statistics are frightening – even for someone familiar with the challenges of data protection. According to the 2022 edition of the IBM Cost of a Data Breach report, the cost, frequency, and severity of ransomware and other data breaches have reached all-time highs.
For example, more than 80% of the 550 organizations surveyed reported more than one data breach, with the average cost of a data breach exceeding $4.3-million ($9.4-million in the United States). The average time to identify and contain a data breach was 277 days (more than nine months), and more than 60% of organizations' breaches led to increases in prices passed on to customers.
To combat this insidious trend, IBM has announced enhanced cyber resilience capabilities for some existing storage solutions plus new products to provide workload-specific data protection.
For organizations in every industry, cyber resilience has become an essential part of their IT operations. These new capabilities will help further strengthen their defenses.