Cost of Data Breach in US Rises to $10.22 Million, Says Latest IBM Report

Cost of Data Breach in US Rises to .22 Million, Says Latest IBM Report

The IBM Cost of a Breach Report highlights a rise in US breach costs despite a global decline, emphasizing AI’s dual role in cyber defense and attack. The increasing sophistication and frequency of AI-related breaches pose significant security challenges for organizations. #IBMBreachReport #AIinCybersecurity

Keypoints

  • The global average cost of a data breach decreased to $4.44 million, but US costs hit a record $10.22 million.
  • AI is emerging as both a target and a tool for cybercriminals and defenders, with breaches involving AI models rising to 13%.
  • Lack of access controls on AI models led to 97% of breaches involving AI, exposing sensitive data and disrupting operations.
  • Phishing has become the most common initial attack vector, now aided by generative AI for faster and more convincing scams.
  • Attack methods are shifting towards context manipulation, model evasion, and inversion, exploiting AI vulnerabilities without direct prompt injections.

Read More: https://www.securityweek.com/cost-of-data-breach-in-us-rises-to-10-22-million-says-latest-ibm-report/