Cost of a Data Breach Report (2024)

IBM’s 2024 Cost of a Data Breach Report, now in its 19th edition, provides valuable insights to help security and IT teams effectively manage risks and mitigate potential financial losses.

Key findings from this 2024 research, conducted by the Ponemon Institute and analyzed by IBM, include:

• The methods through which breaches are detected: by an organization’s internal security team, external entities like law enforcement, or the attackers themselves.
• The degree of operational disruption caused by breaches and the associated costs.
• The role of AI and automation in security operations, specifically in prevention, detection, investigation, and response, and how these technologies are applied across these areas.
• The cost savings linked to the use of AI and automation in those security operations.
• The financial benefits of involving law enforcement in responding to ransomware incidents.