The average cost of a data breach to a UK organisation now stands at £3.4m, but this figure drops by approximately £1.6m at organisations that have “extensively” deployed artificial intelligence (AI) and automation as part of their cyber security stack.
This is one of the key findings in the 18th edition of IBM’s annual Cost of a data breach report, which also revealed advanced security technology has a big impact on how quickly organisations can identify and contain data breaches, in some cases reducing the average breach lifecycle by 108 days.
However, it added, only 28% of UK organisations are currently deploying such technology extensively – by which IBM means throughout their security operations and in several different toolsets and capabilities – and 37% had not deployed anything of the sort.
