Oct. 3, 2022 | 11:00 AM ET
The 17th annual Cost of a Data Breach Report for 2022 was launched in July and was the result of 3600+ detailed interviews regarding 550 breaches analyzed across regions/industries around the world. The findings indicate that the average cost of a data breach continues to increase, with an average cost of $4.35M. Even more rattling is that there was a 41% increase in successful attacks where ransomware was deployed, yielding an average cost of $4.54M. Security solutions need to be able to detect, investigate, and respond to malicious activity as early in the kill chain as possible. According to the study, deploying incident response, XDR and AI/automation produced the largest savings. Organizations with XDR technologies compared to those without XDR saved 29 days in breach response time. Similarly, organizations with fully deployed security AI and automation compared to organizations with none deployed saw $3.05M in savings. Join us for a discussion on how to capitalize on these tactics and strategies to save time, money, and reputation, with particular focus on XDR technologies.