Cost of data breaches hits an all-time high

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Asean has seen the average cost of a data breach hit all-time high of US$2.87mil (RM12.80mil) in 2022, up 8% from a year before.

Participating organisations fully deploying security AI and automation incurred US$3.05mil less on average in breach costs compared to organisations studied that have not deployed the technology — the biggest cost saver observed in the study.

"The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches will fuel cost of living increases," said Surarit Wuwong, country leader of IBM Thailand's technology group. "It's clear today that the right security strategies coupled with the right technologies, such as AI, automation and the adoption of hybrid cloud and zero trust strategies, pay off in reducing the cost of data breaches further down the line." – Bangkok Post/Tribune News Service

 

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