Ibm report: half of breached organizations unwilling to increase security spend despite soaring breach costs

Ai/automation cut breach lifecycles by 108 days; $470,000 in extra costs for ransomware victims that avoid law enforcement; only one third-of organizations detected the breach themselves cambridge, mass. , july 24, 2023 /prnewswire/ -- ibm (nyse: ibm) security today released its annual cost of a data breach report,1 showing the global average cost of a data breach reached $4.45 million in 2023 – an all-time high for the report and a 15% increase over the last 3 years.
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