Businesses confess: We pass cyberattack costs onto customers
. The average breach costs for those companies rose to $5.4 million – $1.17 million more than those that do use zero-trust.attackers doesn't substantially help companies. Those that paid only saw $610,000 less in the average cost of an attack and, when combined with the ransom payment itself, the financial hit rose higher.
"These factors are important to consider when making the challenging business decision of whether or not to pay," Hoffman toldThe ongoing migration to the cloud also is an issue, according to IBM. About 43 percent of organizations are either in the early stages of applying security practices across their cloud environments or haven't started at all – costing them $660,000 more on average in higher breach costs than those with mature cloud security strategies.
An important metric in the report is that the time it takes for an organization to detect a breach remained at eight months – an indication that detection mechanisms are failing, according to Shawn Surber, vice president of solutions architecture and strategy at cybersecurity firm Tanium."Ninety-four percent of today's enterprises find at least 20 percent of their endpoints are unprotected, while the many tools sitting on those endpoints adversely affect performance and visibility.
IBM noted that organizations using security AI and automation technologies had average data breach costs that were $3.05 million less than those that weren't. Such technologies were the largest cost savers seen in the study, Big Blue argued. ®
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