Data Breach Costs Reach Record High, Urgent Patching Crucial for Businesses
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Data Breach Costs Reach Record High, Urgent Patching Crucial for Businesses

The report also revealed that businesses with deployed security AI and automation spent $1.8 million less in data breach costs. However, hackers are leveraging these tools as well, enabling them to expedite ransomware attacks.

Interestingly, the study contradicts a common belief that involving law enforcement during a ransomware attack complicates matters and increases costs. Researchers found that the opposite is true, as organizations that engaged law enforcement had breach lifecycles 33 days shorter and paid $470,000 less in breach costs compared to those that did not involve the police.