IBM Report: Global Average Cost of Data Breach Hits Record $4.99 Million Due to AI-Backed Attacks

IBM’s Cost of a Data Breach Report revealed the global average cost of a data breach reached a record high of $4.99 million. The report identified AI-backed attacks as a contributing factor to the increased financial impact. No specific dates, affected organizations, or technical details such as CVE IDs were provided in the summary. The findings reflect broader trends in cybersecurity threats and their economic consequences. The report is sourced from IBM’s annual analysis of breach-related costs.