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COST OF A DATA BREACH REPORT 2023


Get the report Register for the webinar



FIGHT BACK AGAINST DATA BREACHES

Be better prepared for breaches by understanding their causes and the factors
that increase or reduce costs. Explore the comprehensive findings from the Cost
of a Data Breach Report 2023. Learn from the experiences of more than 550
organizations that were hit by a data breach.

This report provides valuable insights into the threats that you face, along
with practical recommendations to upgrade your cybersecurity and minimize
losses. Take a deep dive into the report and find out what your organization is
up against and how to mitigate the risks.

Note: All monetary values mentioned on this site are presented in US dollars
(USD).

 




INVESTING NOW CAN SAVE MILLIONS

USD 4.45 million

The global average cost of a data breach in 2023 was USD 4.45 million, a 15%
increase over 3 years.

51%

51% of organizations are planning to increase security investments as a result
of a breach, including incident response (IR) planning and testing, employee
training, and threat detection and response tools.

USD 1.76 million

The average savings for organizations that use security AI and automation
extensively is USD 1.76 million compared to organizations that don’t.


GAIN INSIGHTS FROM IBM SECURITY® X-FORCE® EXPERTS

Get the most up-to-date information on the financial implications of data
breaches. Learn how to safeguard your organization’s reputation and bottom line.

Register for the webinar
Webinar: 1 August 2023, 11 AM Eastern Time The Cost of a Data Breach: Insights,
Mitigators and Best Practices Register for the webinar




TAKE ACTION TO HELP PREVENT BREACHES 

Check out the recommendations based on the findings of the Cost of a Data Breach
Report and learn how to better secure your organization. 




SAVE MONEY AND TIME WITH AI AND AUTOMATION

Only 28% of organizations used security AI extensively, which reduces costs and
speeds up containment.  

Innovative technologies such as IBM Security® QRadar® SIEM use AI to rapidly
investigate and prioritize high-fidelity alerts based on credibility, relevance
and severity of the risk. IBM Security® Guardium® features built-in AI outlier
detection that enables organizations to quickly identify abnormalities in data
access.

If you need to strengthen your defenses, IBM Security® Managed Detection and
Response (MDR) services use automated and human-initiated actions to provide
visibility and stop threats across networks and endpoints. With a unified,
AI-powered approach, threat hunters can take decisive actions and respond to
threats faster.  

Explore QRadar SIEM





Explore managed detection and response services






PROTECT DATA IN THE HYBRID CLOUD

82% of breaches involved data stored in the cloud. Organizations must look for
solutions that provide visibility across hybrid environments and protect data as
it moves across clouds, databases, apps and services.  
 
IBM Security Guardium helps you uncover, encrypt, monitor and protect sensitive
data across more than 19 hybrid cloud environments to give you a better security
posture.  
 
IBM data security services provide you with advisory, planning and execution
capabilities to secure your data, whether you’re migrating to the cloud or need
to secure data already in the cloud. Services include data discovery and
classification, data loss prevention, data-centric threat monitoring, encryption
services and more.



 

Explore the Guardium data security portfolio





Learn about data security services






UNCOVER RISKY VULNERABILITIES

Build security into every stage of software and hardware development. Employing
a DevSecOps approach and conducting penetration and application testing are top
cost-saving factors in the report.
 
X-Force® Red is a global team of hackers hired to break into organizations and
uncover risky vulnerabilities that attackers may use for personal gain. The
team's offensive security services—including penetration testing, application
testing, vulnerability management and adversary simulation—can help identify,
prioritize and remediate security flaws covering your digital and physical
ecosystem.



 

Learn about X-Force Red offensive security services






KNOW YOUR ATTACK SURFACE AND HOW TO PROTECT IT

Knowing your attack surface isn’t enough. You also need an incident response
(IR) plan to protect it.
 
The IBM Security® Randori platform uses a continuous, accurate discovery process
to uncover known and unknown IT assets, getting you on target quickly with
correlated, factual findings based on adversarial temptation.
 
With X-Force® IR emergency support and proactive services, teams can test your
cyberattack readiness plan and minimize the impact of a breach by preparing your
IR teams, processes and controls.


Explore IBM Security Randori





Explore X-Force for incident response



Learn about security products and services

IBM Security helps protect enterprises with an integrated portfolio of products
and services, infused with security AI and automation capabilities. The
portfolio enables organizations to predict threats, protect data as it moves,
and respond with speed and precision while allowing for innovation.


 

Download the report Sign up for the webinar
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