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).
The global average cost of a data breach in 2023 was USD 4.45 million, a 15% increase over 3 years.
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.
The average savings for organizations that use security AI and automation extensively is USD 1.76 million compared to organizations that don’t.
Check out the recommendations based on the findings of the Cost of a Data Breach Report and learn how to better secure your organization.
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.
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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.
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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
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.
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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.