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IBM study tips
Killexams : IBM study tips - BingNews http://www.bing.com:80/news/search?q=IBM+study+tips&cc=us&format=RSS Search results Killexams : IBM study tips - BingNews http://www.bing.com:80/news/search?q=IBM+study+tips&cc=us&format=RSS https://killexams.com/exam_list/IBM Killexams : Breakthrough quantum algorithm

City College of New York physicist Pouyan Ghaemi and his research team are claiming significant progress in using quantum computers to study and predict how the state of a large number of interacting quantum particles evolves over time. This was done by developing a quantum algorithm that they run on an IBM quantum computer. "To the best of our knowledge, such particular quantum algorithm which can simulate how interacting quantum particles evolve over time has not been implemented before," said Ghaemi, associate professor in CCNY's Division of Science.

Entitled "Probing geometric excitations of fractional quantum Hall states on quantum computers," the study appears in the journal of Physical Review Letters.

"Quantum mechanics is known to be the underlying mechanism governing the properties of elementary particles such as electrons," said Ghaemi. "But unfortunately there is no easy way to use equations of quantum mechanics when we want to study the properties of large number of electrons that are also exerting force on each other due to their electric charge.

His team's discovery, however, changes this and raises other exciting possibilities.

"On the other front, recently, there has been extensive technological developments in building the so-called quantum computers. These new class of computers utilize the law of quantum mechanics to preform calculations which are not possible with classical computers."

We know that when electrons in material interact with each other strongly, interesting properties such as high-temperature superconductivity could emerge," Ghaemi noted. "Our quantum computing algorithm opens a new avenue to study the properties of materials resulting from strong electron-electron interactions. As a result it can potentially guide the search for useful materials such as high temperature superconductors."

He added that based on their results, they can now potentially look at using quantum computers to study many other phenomena that result from strong interaction between electrons in solids. "There are many experimentally observed phenomena that could be potentially understood using the development of quantum algorithms similar to the one we developed."

The research was done at CCNY -- and involved an interdisciplinary team from the physics and electrical engineering departments -- in collaboration with experts from Western Washington University, Leeds University in the UK; and Schlumberger-Doll Research Center in Cambridge, Massachusetts. The research was funded by the National Science Foundation and Britain's Engineering and Science Research Council.

Story Source:

Materials provided by City College of New York. Note: Content may be edited for style and length.

Wed, 27 Jul 2022 07:10:00 -0500 en text/html https://www.sciencedaily.com/releases/2022/07/220727110714.htm
Killexams : Dow Analyst Moves: IBM No result found, try new keyword!T he latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, International Business Machines is the #22 analyst pick ... Mon, 01 Aug 2022 03:46:00 -0500 text/html https://www.nasdaq.com/articles/dow-analyst-moves%3A-ibm-2 Killexams : Average Data Breach Costs Hit a Record $4.4 Million, Report Says

What's happening

The average cost of a data breach rose to $4.4 million this year, according to a new report from IBM Security.

Why it matters

More than half of the companies surveyed for the report admitted to passing on those higher costs to customers in the form of higher prices.

Data breach costs keep going up, and consumers are likely paying for them.

The average cost of a data breach rose to an all-time high of $4.4 million this year, according to the IBM Security report released Wednesday. That marked a 2.6% increase from a year ago and a 13% jump since 2020.

More than half of the organizations surveyed acknowledged they had passed on those costs to their customers in the form of higher prices for their products and services, IBM said.

The annual report is based on an analysis of data breaches experienced by 550 organizations around the world between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM, was conducted by the Ponemon Institute.

The cost estimates are based on both immediate and longer-term expenses. While some costs like the payment of ransoms and those related to investigating and containing the breach tend to be accounted for right away, others such as regulatory fines and lost sales can show up years later. On average, those polled said they accrued just under half of the costs related to a given breach more than a year after it occurred. 

Case in point, T-Mobile said Friday it would pay $500 million to settle a class action lawsuit filed by customers over a data breach revealed nearly a year ago that exposed the personal information of an estimated 76.6 million people.

Pending judicial approval that could come before the end of the year, T-Mobile will pay $350 million to settle the customers' claims and an additional $150 million to upgrade its data protection. The breach, disclosed in August, exposed information such as customer names, Social Security numbers, phone numbers, addresses and dates of birth.

Many of the highest-cost breaches analyzed in the IBM study involved critical infrastructure within the financial services, industrial, technology, energy, transportation, communication, healthcare, education and public-sector industries.

Those breaches had an average cost of $4.8 million, about $1 million more than the average cost paid by organizations outside of critical infrastructure, IBM said.

Part of that stems from the particularly high costs of health care industry breaches. Healthcare, which is considered to be critical infrastructure, had the highest average per-breach cost of $10.1 million, up from $9.2 million in 2021. 

Critical infrastructure has become an increasingly tempting target for both nation-state attackers and cybercrime gangs in accurate years. Last year, ransomware attacks against Colonial Pipeline and meat processor JBS USA shut down both companies for days, even though they both paid the equivalent of millions of dollars in ransom to get their data unlocked. 

The shutdowns sparked panic buying among consumers, causing both gasoline and meat prices to spike in parts of the US.

Cybersecurity and government officials also warn that the risk of cyber attacks against critical infrastructure in the US and other countries supporting Ukraine could increase if Russia's war against that country continues to drag on.

Eleven percent of the data breaches analyzed in this year's study stemmed from ransomware attacks, up from 7.8% in 2021. Almost a fifth of the breaches were the result of stolen or compromised credentials. Another 16% stemmed from phishing attacks.

Wed, 27 Jul 2022 02:50:00 -0500 See full bio en text/html https://www.cnet.com/tech/services-and-software/average-data-breach-costs-hit-a-record-4-4-million-report-says/
Killexams : Consumers left out of pocket as security costs soar

The impact of cyber security incidents and data breaches may be contributing in a small way to the rising cost of goods and services that is leaving millions of UK citizens on the brink of financial crisis, as victim organisations struggle to recoup their losses from incident response, forensics, ransom payments and regulatory fines.

This is according to the latest edition of IBM Security’s annual Cost of a data breach report, which found that as the average cost of an incident across its surveyed base hits a high of $4.35m (£3.61m), up 13% over the last two years of the report, 60% of victim organisations have had to raise the price of their products or services as a direct result of the incident.

Darren Williams, CEO and founder of anti-ransomware specialist Blackfog, said that the study’s findings were not particularly surprising.

“Rising data breach costs are to be expected and unfortunately many consumers are now jaded by breach notifications as they happen on such a regular basis,” said Williams.

“Given the increase in cyber attacks generally and the new focus on data exfiltration rather than encryption, the number of breaches and the costs of remediation is likely to rise at a much faster rate in the coming years.

“As it becomes increasingly difficult to obtain cyber insurance coverage and/or pay-outs following cyber incidents, companies will certainly look to pass these costs on to their customers, who will end up not only footing the bill for the breach, but also paying the price for having their data in the hands of criminal gangs or for sale on the dark web,” he said.

Trevor Dearing, director of critical infrastructure solutions at zero-trust specialist Illumio, said that IBM’s survey had demonstrated how important it was for organisations to prepare for incidents ahead of time, rather than respond to them.

“Figures like this that place the average data breach at an eye-watering cost of $4.4m really put the scale of the problem into perspective,” said Dearing. “By putting in protection before an attack, organisations can mitigate any costs that would be passed onto consumers.

“By taking a zero-trust approach, segmenting critical assets, and only allowing known and Tested communication between environments, security teams can limit the impact of an attack for both the organisation and its customers.”

The study noted that a great many organisations, and over 80% in the case of highly-vulnerable critical national infrastructure (CNI) operators, had not yet adopted zero-trust strategies, and those organisations saw the average cost of a breach rising beyond $5m.

Other factors in the varying cost of a breach included payment or non-payment of ransomware demands, with the data showing those who chose to pay, against all reasonable advice, actually saw average costs fall by approximately $610,000, not including the payment.

Meanwhile, the 43% of respondents who were still in the early stages (or who had not started) implementing security best practice in their cloud environments were on the hook for $660,000 more than those who were on top of cloud security, and organisations that had implemented security artificial intelligence (AI) and automation incurred $3.05m less on average, making such technology the biggest cost-saver yet observed by the study.

“Businesses need to put their security defences on the offence and beat attackers to the punch. It’s time to stop the adversary from achieving their objectives and to start to minimise the impact of attacks,” said Charles Henderson, global head of IBM Security X-Force.

“The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases. This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked.”

IBM said the constant barrage of cyber attacks faced by organisations was also shedding light on a “haunting effect” of breaches, with the vast majority of those surveyed having experienced multiple breaches, and many reporting that they were still incurring unexpected costs months or even years, after an incident.

IBM’s findings back up – to some extent – a accurate policy shift at the UK’s Information Commissioner’s Office (ICO), which recently announced it would be cutting back on fining public sector breach victims, saying that to do so effectively visits the cost of an incident on the public in the form of reduced budgets for critical services.

Wed, 27 Jul 2022 11:41:00 -0500 en text/html https://www.computerweekly.com/news/252523222/Consumers-left-out-of-pocket-as-security-costs-soar
Killexams : High Availability and Disaster Recovery Market Competitive Environment and Higher Growth Rate with Forecast to 2029| Evidian, IBM

High Availability and Disaster Recovery

High Availability and Disaster Recovery Market 2022 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the High Availability and Disaster Recovery industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. This study does a thorough examination of the market and offers insights based on an industry SWOT analysis. 

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The report on the High Availability and Disaster Recovery Market provides access to critical information such as market growth drivers, market growth restraints, current market trends, the market’s economic and financial structure, and other key market details. The research process is used to find, locate, access, and analyze the information available to estimate the market’s overall size and general market scenario for High Availability and Disaster Recovery. This is done based on a substantial amount of primary and secondary research.

Top Global Key Player Mentioned

◘ Evidian
◘ IBM
◘ NEC
◘ Carbonite
◘ Enea
◘ Varnish
◘ LINBIT
◘ Atos
◘ Sentry Software
◘ Rocket iCluster
◘ HVR
◘ Neverfail
◘ HP
◘ Oracle
◘ XMedius
◘ LSI Corporation
◘ Zerto
◘ Covenco

Type Segment Analysis

◘ High Availability Solution
◘ Disaster Recovery Solution

Application Segment Analysis: 

◘ Government
◘ Manufacturing
◘ IT & Telecom
◘ Media
◘ Others

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Main points Covered in High Availability and Disaster Recovery Market Report:

◘ OverviewThe worldwide High Availability and Disaster Recovery market study offers insight into the market’s current state and forecast period. The data in the study is useful for making marketing decisions, determining whether to enter a market and determining the financial standing of the major companies that have been active in it for a while.
◘ Drivers: 
Increasing number of new technological advancements is estimated to augment the growth of the global and Asia High Availability and Disaster Recovery market over the forecast period.
◘ Opportunities
With accuracy and dependability, the study projects the market shares of significant High Availability and Disaster Recovery Market segments. Participants in the industry may use this study to guide strategic investments in the High Availability and Disaster Recovery Market’s high-growth sectors. Additionally, it helps to decide the target audience and strategies the marketing to seize the opportunities at right time.
◘ Regional Analysis
North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain.), Asia-Pacific (China; India; Japan; Southeast Asia.), South America (Brazil; Argentina.), Middle East & Africa (Saudi Arabia; South Africa.)

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Key Questions Answered in Study on Global High Availability and Disaster Recovery Market:
◘ What would be the 2029 growth of the global High Availability and Disaster Recovery market during the forecasted years?
◘ What are factors influencing the growth of the global High Availability and Disaster Recovery market positively and negatively?
◘ what are the opportunities that might help to overcome the growth restraining factors?
◘ Which region is estimated to hold a substantial share in the next few years?
◘ Which factors would create threats to the thriving businesses in developing economies over the forecast period?
◘ Which are the leading companies operating in the global High Availability and Disaster Recovery market? What strategies they have adopted to hold a stronghold on the market?

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Thu, 04 Aug 2022 22:57:00 -0500 Coherent Market Insights en-US text/html https://www.digitaljournal.com/pr/high-availability-and-disaster-recovery-market-competitive-environment-and-higher-growth-rate-with-forecast-to-2029-evidian-ibm
Killexams : IBM report: Data breach costs up, contributing to inflation

The “2022 Cost of a Data Breach Report” found 60 percent of studied organizations raised their product or services prices because of a breach. The report analyzed 550 organizations that suffered a data breach between March 2021 and March 2022, with research conducted by the Ponemon Institute.

IBM has studied data breaches in the United States the last 17 years. In 2021, the average cost of a breach was $4.24 million.

New to this year’s report was a look at the effects of supply chain compromises and the security skills gap. While organizations that were breached because of a supply chain compromise were relatively low (19 percent), the average total cost of such a breach was $4.46 million.

The average time to identify and contain a supply chain compromise was 303 days, opposed to the global average of 277 days.

The study found the average data breach cost savings of a sufficiently staffed organization was $550,000, but only 38 percent of studied organizations said their security team was sufficiently staffed.

Of note, the “Cost of Compliance Report 2022” published by Thomson Reuters Regulatory Intelligence earlier this month found staff shortages have been driven by rising salaries, tightening budgets, and personal liability increases.

The IBM study included 13 companies that experienced data breaches involving the loss or theft of 1 million to 60 million records. The average total cost for breaches of 50-60 million records was $387 million, a slight decline from $401 million in 2021.

For a second year, the study examined how deploying a “zero trust” security framework has a net positive impact on data breach costs, with savings of approximately $1 million for organizations that implemented one. However, only 41 percent of organizations surveyed deployed a zero trust security architecture.

Organizations with mature deployment of zero trust applied consistently across all domains saved more than $1.5 million on average, according to the survey.

Almost 80 percent of critical infrastructure organizations that did not adopt a zero trust strategy saw average breach costs rise to $5.4 million.

The study also found it doesn’t pay to pay hackers, with only $610,000 less in average breach costs compared to businesses that chose not to pay ransomware threat actors.

Organizations that fully deployed a security artificial intelligence and automation incurred $3.05 million less on average in breach costs compared to those that did not, the biggest saver observed in the study.

“Businesses need to put their security defenses on the offense and beat attackers to the punch,” said Charles Henderson, global head of IBM Security X-Force, in a press release announcing the study. “It’s time to stop the adversary from achieving their objectives and start to minimize the impact of attacks.”

Thu, 28 Jul 2022 08:48:00 -0500 en text/html https://www.complianceweek.com/cybersecurity/ibm-report-data-breach-costs-up-contributing-to-inflation/31909.article
Killexams : Latest Study on Cloud Storage Market hints a True Blockbuster – AWS, IBM, Microsoft, Google, Oracle

The research emphasizes elaboration of the Global Cloud Storage Market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concept behind business using methods to assess and analyze market. It also describes Cloud Storage player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis.

Get the inside scoop with demo report @ https://www.thebrainyinsights.com/enquiry/sample-request/12592

Porter’s 5-Forces model is a powerful tool that combines five competitive forces that stop any industry acceleration or growth against external factors. The report brings clarity about the market key players and also about the significant contributors associated.

The study elaborates factors of Global Cloud Storage market such as market opportunities, risk, benefit, opportunity loss and profit along with surveyed customer perspective with a view of Short vs. Long Term goals etc. The detailed company/manufacturer profiles included sales figures, revenue, and price of Cloud Storage products.

Major Players covered in this study:

Scope of the Report

Product Type:

  • Large Enterprises
  • Small and Medium Enterprises

Application:

Geographical Regions: North America (Covered in Chapter 9), United States, Canada, Mexico, Europe (Covered in Chapter 10), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 11), China, Japan, South Korea, Australia, India, South America (Covered in Chapter 12), Brazil, Argentina, Columbia, Middle East and Africa (Covered in Chapter 13), UAE, Egypt & South Africa

This report covers the current scenario and growth prospects of Global Cloud Storage Market for the period 2021 to 2026. The study is a professional and in-depth study with around – no. of tables which provides statistics of genuine scenario of industry and acts as valuable guide to direction companies and individuals interested in the domain.

Check complete table of contents with list of table and figures @ https://www.thebrainyinsights.com/report/cloud-storage-market-12592

On what parameters study is being formulated?

Analysis Tool: The Global Cloud Storage Market Report contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools like data triangulation and iterative data estimation.

Demand Determinants Tapping top notch application that seeks high growth potentials.

Key Strategic Developments: This Cloud Storage study includes product/service developments of market, including R & D, new launches, M & A, JV & partnerships along with regional growth of leading giants in the market.

Key Market Features: The study also provides a comprehensive study of key market dynamics and current trends, along with relevant market sectors and sub-sectors.

The Global Cloud Storage study includes data from 2017 to 2027 useful for industry executives, marketing, sales and product managers, analysts, and anyone looking for market data in easily accessible document.

Some extract from Table of Contents

  • Overview of Global Cloud Storage Market
  • Cloud Storage Size (Sales Volume) Comparison by Type (2021-2027)
  • Cloud Storage Size (Consumption) and Market Share Comparison by Application (2021-2027)
  • Cloud Storage Size (Value) Comparison by Region (2021-2027)
  • Cloud Storage Sales, Revenue and Growth Rate (2021-2027)
  • Cloud Storage Competitive Situation and Trends
  • Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type [, Men’s Jackets, Men’s Pants, Men’s Shirts, Men’s Shorts & Others]
  • Analyze competitors, including all important parameters of Cloud Storage
  • Global Cloud Storage Manufacturing Cost Analysis
  • Marketing Strategy Analysis, Research Conclusions

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Mon, 01 Aug 2022 01:05:00 -0500 CDN Newswire en-US text/html https://www.digitaljournal.com/pr/latest-study-on-cloud-storage-market-hints-a-true-blockbuster-aws-ibm-microsoft-google-oracle
Killexams : IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High

60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses

CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM) Security today released the annual Cost of a Data Breach Report,1 revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.

60% of breached businesses studied stated they increased the price of their products or services due to the data breach

The perpetuality of cyberattacks is also shedding light on the "haunting effect" data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.

The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.

Some of the key findings in the 2022 IBM report include:

  • Critical Infrastructure Lags in Zero Trust – Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million – a $1.17 million increase compared to those that do. All while 28% of breaches amongst these organizations were ransomware or destructive attacks.
  • It Doesn't Pay to Pay – Ransomware victims in the study that opted to pay threat actors' ransom demands saw only $610,000 less in average breach costs compared to those that chose not to pay – not including the cost of the ransom. Factoring in the high cost of ransom payments, the financial toll may rise even higher, suggesting that simply paying the ransom may not be an effective strategy.
  • Security Immaturity in Clouds – Forty-three percent of studied organizations are in the early stages or have not started applying security practices across their cloud environments, observing over $660,000 on average in higher breach costs than studied organizations with mature security across their cloud environments.
  • Security AI and Automation Leads as Multi-Million Dollar Cost Saver – Participating organizations fully deploying security AI and automation incurred $3.05 million less on average in breach costs compared to studied organizations that have not deployed the technology – the biggest cost saver observed in the study.

"Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases." said Charles Henderson, Global Head of IBM Security X-Force. "This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked."

Over-trusting Critical Infrastructure Organizations
Concerns over critical infrastructure targeting appear to be increasing globally over the past year, with many governments' cybersecurity agencies urging vigilance against disruptive attacks. In fact, IBM's report reveals that ransomware and destructive attacks represented 28% of breaches amongst critical infrastructure organizations studied, highlighting how threat actors are seeking to fracture the global supply chains that rely on these organizations. This includes financial services, industrial, transportation and healthcare companies amongst others.

Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.

Businesses that Pay the Ransom Aren't Getting a "Bargain"
According to the 2022 IBM report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay – not including the ransom amount paid. However, when accounting for the average ransom payment, which according to Sophos reached $812,000 in 2021, businesses that opt to pay the ransom could net higher total costs - all while inadvertently funding future ransomware attacks with capital that could be allocated to remediation and recovery efforts and looking at potential federal offenses.

The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years – from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With "time to ransom" dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.

Hybrid Cloud Advantage
The report also showcased hybrid cloud environments as the most prevalent (45%) infrastructure amongst organizations studied. Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively. In fact, hybrid cloud adopters studied were able to identify and contain data breaches 15 days faster on average than the global average of 277 days for participants.

The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.

Additional findings in the 2022 IBM report include:

  • Phishing Becomes Costliest Breach Cause – While compromised credentials continued to reign as the most common cause of a breach (19%), phishing was the second (16%) and the costliest cause, leading to $4.91 million in average breach costs for responding organizations.
  • Healthcare Breach Costs Hit Double Digits for First Time Ever– For the 12th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.
  • Insufficient Security Staffing – Sixty-two percent of studied organizations stated they are not sufficiently staffed to meet their security needs, averaging $550,000 more in breach costs than those that state they are sufficiently staffed.

Additional Sources

  • To get a copy of the 2022 Cost of a Data Breach Report, please visit: https://www.ibm.com/security/data-breach.
  • Read more about the report's top findings in this IBM Security Intelligence blog.
  • Sign up for the 2022 IBM Security Cost of a Data Breach webinar on Wednesday, August 3, 2022, at 11:00 a.m. ET here.
  • Connect with the IBM Security X-Force team for a personalized review of the findings: https://ibm.biz/book-a-consult.

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.

Press Contact:

IBM Security Communications
Georgia Prassinos
gprassinos@ibm.com

1 Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored, and analyzed by IBM
2 Average cost of $4.53M, compared to average cost $3.87 million at participating organizations with mature-stage cloud security practices

IBM Corporation logo. (PRNewsfoto/IBM)

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SOURCE IBM

Tue, 26 Jul 2022 18:06:00 -0500 en-US text/html https://fox5sandiego.com/business/press-releases/cision/20220727NY26218/ibm-report-consumers-pay-the-price-as-data-breach-costs-reach-all-time-high/
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