India's Data Breach Costs Soar as AI-Driven Threats Rise
The average total organizational cost of a data breach in India has reached an all-time high of Rs 25.5 crore, according to a recent report from IBM.
This marks a 15.9% increase over last year's figures, with nearly 26% of malicious breaches being AI-generated. The report highlights the evolving cyber threat landscape, where artificial intelligence is making attacks faster and more sophisticated.
Organisations that extensively deployed AI and security automation experienced significantly lower breach costs and faster breach response times. Conversely, those with no AI in place paid the highest average cost of Rs 31.6 crore per breach.
The report also notes that only 32% of organisations reported extensive use of AI and security automation, while 36% reported limited use and 32% had no use at all. Breaches at organisations with no AI and security automation took an average of 236 days to identify and 75 days to contain.