The document discusses the significant financial impact of cybersecurity breaches, with the average cost reaching $4.0 million due to business disruption. The use of artificial intelligence has proven to mitigate costs by approximately $3.81 million. Additionally, there has been a 72% increase in cybercrime costs from 2021 to 2022, highlighting the growing threat and the importance of strategies like a zero trust approach for cost reduction.

1. A DEEP DIVE
THE COST OF POOR
CYBERSECURITY
THE AVERAGE BREACH COSTS $4.0
MILLION DUE TO BUSINESS DISRUPTION
ARTIFICIAL INTELLIGENCE (AI)
PROVIDED COST MITIGATION
WORTH $3.81 MILLION COMPARED
TO ORGANIZATIONS WITHOUT AI
It is the largest source of cost mitigation
THE COST OF CYBERCRIME
INCREASED 72% FROM 2021 TO 2022
COMPROMISED CREDENTIALS
COST BUSINESSES AROUND $4.37
MILLION
THE COST OF CYBERCRIME IN 2018
WAS AROUND $13 MILLION
In 2017, the average cost of cybercrime
was $11.7 million
BUSINESSES WITH A 0 TRUST APPROACH
SPENT AN AVERAGE OF $1.76 MILLION
LESS COMPARED TO ORGANIZATIONS
WITHOUT THE APPROACH
BREACHES COST $5.9 MILLION
DUE TO INFORMATION LOSS
IN 2018, DISCOVERING A CYBERATTACK
TOOK UP 36% OF THE TOTAL COSTS
ASSOCIATED WITH THE BREACH
https://www.accenture.com/_acnmedia/PDF-99/Accenture-Cost-Cyber-Crime-Infographic.pdf
https://www.ibm.com/reports/data-breach
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