Shulou(Shulou.com)11/24 Report--

CTOnews.com, July 25 (Xinhua) according to the latest data breach report released by IBM's security department, the average cost of global data leakage in 2023 reached $4.45 million (CTOnews.com note: about 31.8406 million yuan), an all-time high.

It is reported that the report comes from the analysis of real data leaks of 553 companies around the world from March 2022 to March 2023. Interested friends can find the full report here.

The global cost of data disclosure in 2023 increased by 15 per cent compared with the past three years, with the cost of "detecting vulnerabilities" and "upgrading related hardware" jumping 42 per cent, the highest part of the cost of data disclosure, according to IBM. "this shows that data breach investigations are moving in a more complex direction."

▲ Tupu IBM's security department

▲ sources IBM's security arm and companies are divided over how they plan to deal with the growing cost of data leaks. The study found that although 95 per cent of companies had experienced more than one data breach, 57 per cent of them chose to pass on the cost of the event to consumers rather than bear it themselves.

In addition, IBM believes that the active deployment of artificial intelligence can reduce the risk of data breach. Companies that widely use artificial intelligence are said to have shortened the life cycle of data disclosure by 108 days and saved an average of $1.76 million. (CTOnews.com Note: about 12.5932 million yuan).

IBM also believes that, in fact, law enforcement intervention is beneficial for companies to deal with data breaches quickly, and the data show that companies without law enforcement intervention experience an average of 33 days more vulnerability life cycle. In addition, companies that chose to involve law enforcement agencies saved an average of $470000 (336.29 yuan) in violation costs. Nevertheless, 37% of the victims of blackmail software in the study chose not to allow law enforcement agencies to intervene when they were attacked by blackmail software.

In addition, in the case of data breach, only 33% of the company's security team detected the intrusion, and the remaining 40% of the data breach was actually disclosed by a neutral third party such as law enforcement. The company itself knows that it has been invaded, and 27% is disclosed by the attacker itself.

Compared with research companies that discovered data leaks on their own, companies that later learned that the data had been compromised cost an average of $1 million (7.16 million yuan) more, and the life cycle of the vulnerability was extended by nearly 80 days.

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