An IBM Security study said that cybersecurity incidents, on average, cost companies Rs 14 cr per breach. The study was based on analysis of data breaches happened in by over 500 global enterprises, of which 80% resulted in the exposure of customers’ personally identifiable information. The firms, the report said, having fully deployed security automation tech — AI, analytics, witnessed less than 50% of the data breach costs compared to those who didn’t.

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